Zimmer Partners LP Has $6.76 Million Holdings in OPAL Fuels Inc. (NASDAQ:OPAL)

Zimmer Partners LP cut its holdings in shares of OPAL Fuels Inc. (NASDAQ:OPAL) by 1.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,994,041 shares of the company’s stock after selling 27,893 shares during the period. Zimmer Partners LP’s holdings in OPAL Fuels were worth $6,760,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Invesco Ltd. grew its position in OPAL Fuels by 22.5% during the 4th quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock worth $4,904,000 after acquiring an additional 265,762 shares during the last quarter. Russell Investments Group Ltd. grew its position in OPAL Fuels by 28.9% during the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company’s stock worth $1,708,000 after acquiring an additional 113,034 shares during the last quarter. Marshall Wace LLP bought a new stake in OPAL Fuels during the 4th quarter worth approximately $389,000. Levin Capital Strategies L.P. grew its position in OPAL Fuels by 250.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Ardsley Advisory Partners LP grew its position in OPAL Fuels by 20.0% during the 4th quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company’s stock worth $508,000 after acquiring an additional 25,000 shares during the last quarter. 12.16% of the stock is currently owned by institutional investors.

OPAL Fuels Stock Performance

Shares of OPAL opened at $2.59 on Tuesday. The firm has a market capitalization of $447.63 million, a price-to-earnings ratio of 14.39 and a beta of 0.69. The business’s fifty day moving average price is $1.78 and its two-hundred day moving average price is $2.74. OPAL Fuels Inc. has a 52 week low of $1.26 and a 52 week high of $5.16.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.63). The firm had revenue of $85.41 million during the quarter, compared to the consensus estimate of $85.08 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. As a group, research analysts forecast that OPAL Fuels Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OPAL shares. UBS Group decreased their price target on OPAL Fuels from $7.00 to $3.50 and set a “buy” rating on the stock in a research report on Monday, March 17th. Scotiabank decreased their price objective on OPAL Fuels from $5.00 to $3.50 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Finally, The Goldman Sachs Group increased their price objective on OPAL Fuels from $1.75 to $2.00 and gave the company a “sell” rating in a research report on Monday, May 12th.

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.