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

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

Clean Energy Fuels Price Performance

Clean Energy Fuels stock opened at $1.69 on Tuesday. 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 stock has a market cap of $377.89 million, a price-to-earnings ratio of -5.45 and a beta of 2.35. The firm has a 50-day moving average of $2.60 and a two-hundred day moving average of $2.77. Clean Energy Fuels Corp. has a 1 year low of $1.62 and a 1 year high of $3.67.

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

Analyst Ratings Changes

Several research analysts have issued reports on CLNE shares. StockNews.com lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. Raymond James restated a “strong-buy” rating and set a $4.00 price objective (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th.

Hedge Funds Weigh In On Clean Energy Fuels

Several institutional investors have recently made changes to their positions in CLNE. Wellington Management Group LLP grew its holdings in Clean Energy Fuels by 14.0% during the 4th quarter. Wellington Management Group LLP now owns 102,670 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 12,628 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Clean Energy Fuels in the 4th quarter worth approximately $145,000. GTS Securities LLC boosted its stake in shares of Clean Energy Fuels by 16.8% during the fourth quarter. GTS Securities LLC now owns 27,446 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 3,955 shares in the last quarter. Two Sigma Advisers LP raised its stake in Clean Energy Fuels by 115.6% in the fourth quarter. Two Sigma Advisers LP now owns 178,300 shares of the utilities provider’s stock worth $448,000 after buying an additional 95,600 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Clean Energy Fuels by 93.3% during the fourth quarter. Two Sigma Investments LP now owns 448,096 shares of the utilities provider’s stock worth $1,125,000 after buying an additional 216,278 shares during the period. Hedge funds and other 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.