Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Renewable Energy Group, Inc. (NASDAQ:REGI) by 51.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,170 shares of the oil and gas company’s stock after acquiring an additional 59,012 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.45% of Renewable Energy Group worth $2,104,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of REGI. Vanguard Group Inc. raised its stake in shares of Renewable Energy Group by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,770,696 shares of the oil and gas company’s stock worth $18,504,000 after acquiring an additional 16,460 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Renewable Energy Group by 6.9% in the first quarter. Geode Capital Management LLC now owns 291,676 shares of the oil and gas company’s stock worth $3,048,000 after buying an additional 18,869 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Renewable Energy Group by 8.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 31,771 shares of the oil and gas company’s stock worth $332,000 after buying an additional 2,486 shares during the period. Aperio Group LLC increased its stake in shares of Renewable Energy Group by 73.2% in the second quarter. Aperio Group LLC now owns 60,134 shares of the oil and gas company’s stock worth $779,000 after buying an additional 25,409 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Renewable Energy Group by 59.6% in the second quarter. Russell Investments Group Ltd. now owns 96,924 shares of the oil and gas company’s stock worth $1,255,000 after buying an additional 36,185 shares during the period.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. BidaskClub raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Piper Jaffray Companies set a $13.00 target price on shares of Renewable Energy Group and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. Finally, Roth Capital set a $17.00 target price on shares of Renewable Energy Group and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.33.

Renewable Energy Group, Inc. (NASDAQ REGI) opened at $11.35 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. Renewable Energy Group, Inc. has a one year low of $8.25 and a one year high of $13.55. The company has a market cap of $439.12, a price-to-earnings ratio of 378.33 and a beta of 1.48.

Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.11. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The company had revenue of $627.00 million for the quarter, compared to the consensus estimate of $513.88 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. analysts anticipate that Renewable Energy Group, Inc. will post -1.63 EPS for the current year.

Renewable Energy Group announced that its board has authorized a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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Renewable Energy Group Profile

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.

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Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

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