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Vertex Energy director Odeh Khoury sells $2,610 in stock

Published 04/11/2024, 06:02 PM

HOUSTON, TX – Vertex Energy Inc . (NASDAQ:VTNR), a company specializing in petroleum refining, has reported a recent stock transaction involving one of its directors. Odeh Khoury, a member of the company's board, sold 2,250 shares of common stock on April 10, 2024. The transaction totaled approximately $2,610, with the shares sold at a price of $1.16 each.

This sale has adjusted Khoury’s holdings in the company, leaving him with a total of 17,784 shares of Vertex (NASDAQ:VRTX) Energy Inc. following the transaction. The sale was publicly disclosed in a Form 4 filing with the Securities and Exchange Commission, which was submitted on April 11, 2024.

The transaction comes as part of the regular reporting of stock trades made by the company's insiders, providing transparency to investors and the market. The details of such transactions are closely watched by investors seeking insights into the confidence levels of a company's management and board in the business's performance and outlook.

Vertex Energy Inc., with its headquarters in Houston, Texas, operates within the energy sector and has been known by different names in the past, including World Waste Technologies Inc. and Voice Powered Technology International Inc.

Investors and stakeholders in Vertex Energy can stay informed of further insider transactions by monitoring future filings and announcements from the company.

InvestingPro Insights

As Vertex Energy Inc. (NASDAQ:VTNR) navigates through its business challenges, recent market data from InvestingPro provides a snapshot of the company's financial health and market sentiment. With a market capitalization of $102.87 million, Vertex Energy is a relatively small player in the petroleum refining industry. The company's P/E ratio stands at -1.29, indicating that investors are currently facing losses, and this is echoed by an adjusted P/E ratio for the last twelve months as of Q4 2023, which is even lower at -0.94.

The company's revenue growth over the last twelve months has been 13.81%, showcasing some level of expansion in its operations. However, the gross profit margin during the same period is reported at 5.39%, highlighting the company's struggles in maintaining profitability on its revenues. These financial metrics are a testament to the company's current situation, as reflected in the recent insider sale by director Odeh Khoury.

Two notable InvestingPro Tips for Vertex Energy highlight that the company is quickly burning through cash and that analysts have revised their earnings downwards for the upcoming period. These insights, among others, are crucial for investors considering the stock's performance, with Vertex Energy trading near its 52-week low and showing significant price declines over the last year.

For those looking to delve deeper into Vertex Energy's prospects and to uncover additional strategic insights, InvestingPro offers a comprehensive list of tips. Currently, there are 13 additional InvestingPro Tips available for Vertex Energy, which can be accessed through the platform's dedicated page for the company. Investors interested in leveraging these insights can take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

With the next earnings date scheduled for May 7, 2024, stakeholders will be keen to see how the company's financials have evolved and whether the management's strategies are steering the company towards a more stable footing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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