Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Buys $16,700.00 in Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $1.67 per share, for a total transaction of $16,700.00. Following the transaction, the chief financial officer now directly owns 646,938 shares in the company, valued at $1,080,386.46. This trade represents a 1.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $1.74 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $2.53 and a two-hundred day simple moving average of $2.75. Clean Energy Fuels Corp. has a 12 month low of $1.55 and a 12 month high of $3.67. The firm has a market capitalization of $389.07 million, a PE ratio of -5.61 and a beta of 2.35.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The company had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. During the same period in the previous year, the firm posted $0.01 earnings per share. Analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Institutional Trading of Clean Energy Fuels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC lifted its holdings in shares of Clean Energy Fuels by 1,635.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider’s stock valued at $1,829,000 after purchasing an additional 692,318 shares in the last quarter. JPMorgan Chase & Co. raised its position in Clean Energy Fuels by 309.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock valued at $2,271,000 after buying an additional 551,896 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Clean Energy Fuels by 56.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock valued at $3,117,000 after acquiring an additional 450,143 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Clean Energy Fuels during the 4th quarter valued at $870,000. Finally, Millennium Management LLC boosted its holdings in Clean Energy Fuels by 41.2% during the 4th quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider’s stock worth $2,886,000 after acquiring an additional 335,694 shares during the last quarter. 49.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Raymond James reaffirmed a “strong-buy” rating and issued a $4.00 target price (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th.

About Clean Energy Fuels

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.