22,731 Shares in OPAL Fuels Inc. (NASDAQ:OPAL) Bought by Sanctuary Advisors LLC

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Levin Capital Strategies L.P. purchased a new position in OPAL Fuels during the 1st quarter valued at about $136,000. Marshall Wace LLP purchased a new stake in OPAL Fuels in the 2nd quarter worth approximately $389,000. SIR Capital Management L.P. grew its position in shares of OPAL Fuels by 76.3% in the 2nd 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. grew its position in shares of OPAL Fuels by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock worth $8,407,000 after buying an additional 86,531 shares during the last quarter. 12.16% of the stock is owned by institutional investors.

OPAL Fuels Trading Down 1.3 %

Shares of OPAL stock opened at $3.79 on Tuesday. The company’s fifty day moving average price is $3.62 and its 200-day moving average price is $4.16. The stock 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 12 month low of $3.04 and a 12 month high of $6.68.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $70.95 million during the quarter, compared to analysts’ expectations of $80.68 million. OPAL Fuels had a net margin of 2.50% and a negative return on equity of 2.14%. On average, sell-side analysts forecast that OPAL Fuels Inc. will post 0.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on OPAL shares. The Goldman Sachs Group dropped their price target on OPAL Fuels from $4.50 to $3.90 and set a “sell” rating for the company in a research note on Friday, August 9th. UBS Group dropped their target price on shares of OPAL Fuels from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Scotiabank cut shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $8.00 to $5.00 in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, OPAL Fuels has an average rating of “Moderate Buy” and an average target price of $7.90.

About OPAL Fuels

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.