Sanctuary Advisors LLC Buys New Position in OPAL Fuels Inc. (NASDAQ:OPAL)

Sanctuary Advisors LLC acquired a new stake in shares of OPAL Fuels Inc. (NASDAQ:OPAL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,731 shares of the company’s stock, valued at approximately $93,000.

A number of other hedge funds have also recently bought and sold shares of OPAL. Levin Capital Strategies L.P. bought a new position in OPAL Fuels in the 1st quarter valued at $136,000. Marshall Wace LLP bought a new position in OPAL Fuels during the second quarter valued at about $389,000. SIR Capital Management L.P. increased its holdings in OPAL Fuels by 76.3% during the second quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock worth $1,587,000 after buying an additional 167,940 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in OPAL Fuels by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock worth $8,407,000 after acquiring an additional 86,531 shares during the period. 12.16% of the stock is owned by hedge funds and other institutional investors.

OPAL Fuels Price Performance

Shares of OPAL Fuels stock opened at $3.79 on Tuesday. The company has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $4.16. The firm has a market cap of $653.71 million, a PE ratio of 5.05 and a beta of 0.49. OPAL Fuels Inc. has a 1 year low of $3.04 and a 1 year high of $6.68.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $70.95 million during the quarter, compared to the consensus estimate of $80.68 million. OPAL Fuels had a net margin of 2.50% and a negative return on equity of 2.14%. As a group, research analysts anticipate that OPAL Fuels Inc. will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on OPAL shares. UBS Group cut their price target on OPAL Fuels from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group cut their target price on shares of OPAL Fuels from $4.50 to $3.90 and set a “sell” rating for the company in a research report on Friday, August 9th. Finally, Scotiabank lowered shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $8.00 to $5.00 in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, OPAL Fuels currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.90.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.