J. Derek Lewis & Associates Inc. Invests $742,000 in OPAL Fuels Inc. $OPAL

J. Derek Lewis & Associates Inc. bought a new position in shares of OPAL Fuels Inc. (NASDAQ:OPAL) in the fourth quarter, HoldingsChannel reports. The firm bought 315,000 shares of the company’s stock, valued at approximately $742,000.

Several other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in OPAL Fuels by 15.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock worth $743,000 after purchasing an additional 41,056 shares in the last quarter. Boyer Financial Services Inc. purchased a new position in shares of OPAL Fuels during the fourth quarter valued at about $36,000. Virtu Financial LLC purchased a new position in shares of OPAL Fuels during the third quarter valued at about $49,000. Shay Capital LLC increased its holdings in shares of OPAL Fuels by 185.0% in the third quarter. Shay Capital LLC now owns 40,064 shares of the company’s stock worth $88,000 after purchasing an additional 26,007 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of OPAL Fuels by 125.5% in the third quarter. Invesco Ltd. now owns 2,937,645 shares of the company’s stock worth $6,463,000 after purchasing an additional 1,634,645 shares during the last quarter. 12.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OPAL. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lifted their price objective on OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research note on Tuesday, March 17th. Weiss Ratings cut OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded OPAL Fuels from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $2.72.

OPAL Fuels Stock Performance

OPAL Fuels stock opened at $1.86 on Friday. The company’s 50-day moving average price is $2.18 and its 200-day moving average price is $2.29. OPAL Fuels Inc. has a twelve month low of $1.65 and a twelve month high of $3.25. The company has a quick ratio of 2.07, a current ratio of 2.20 and a debt-to-equity ratio of 23.21. The company has a market cap of $322.52 million, a PE ratio of 26.58 and a beta of 0.77.

OPAL Fuels (NASDAQ:OPAL) last announced its earnings results on Saturday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.16). OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. The business had revenue of $73.38 million for the quarter, compared to analysts’ expectations of $93.87 million. On average, equities research analysts forecast that OPAL Fuels Inc. will post -0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Scott Mcdougald Sutton acquired 50,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately $97,500. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 72,292 shares of company stock worth $142,845 over the last quarter. Insiders own 85.69% of the company’s stock.

OPAL Fuels Profile

OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.