Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Acquires $29,100.00 in Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $1.94 per share, with a total value of $29,100.00. Following the completion of the transaction, the chief financial officer now directly owns 458,800 shares in the company, valued at $890,072. The trade was a 3.38 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Clean Energy Fuels Trading Up 1.0 %

Shares of Clean Energy Fuels stock opened at $2.04 on Friday. The stock has a fifty day moving average price of $2.90 and a 200-day moving average price of $2.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. The firm has a market cap of $456.15 million, a PE ratio of -6.58 and a beta of 2.18. Clean Energy Fuels Corp. has a 1 year low of $1.81 and a 1 year high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same quarter last year, the company posted $0.01 earnings per share. Equities research analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on CLNE shares. Raymond James reiterated a “strong-buy” rating and issued a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday. StockNews.com lowered shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday.

Institutional Investors Weigh In On Clean Energy Fuels

A number of hedge funds have recently modified their holdings of CLNE. Barclays PLC grew its holdings in Clean Energy Fuels by 252.1% during the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock valued at $828,000 after purchasing an additional 190,520 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Clean Energy Fuels by 309.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock worth $2,271,000 after acquiring an additional 551,896 shares during the period. IMC Chicago LLC increased its holdings in Clean Energy Fuels by 7.4% in the 4th quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider’s stock worth $329,000 after acquiring an additional 9,021 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Clean Energy Fuels by 167.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 37,224 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 23,301 shares during the period. Finally, State Street Corp lifted its holdings in Clean Energy Fuels by 0.5% during the third quarter. State Street Corp now owns 5,923,358 shares of the utilities provider’s stock valued at $18,422,000 after purchasing an additional 31,602 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

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.