Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland Buys 15,000 Shares

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $1.94 per share, for a total transaction of $29,100.00. Following the purchase, the chief financial officer now directly owns 458,800 shares in the company, valued at approximately $890,072. This trade represents a 3.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clean Energy Fuels Trading Down 4.2 %

Shares of CLNE stock traded down $0.09 during mid-day trading on Wednesday, hitting $1.94. 5,054,875 shares of the company’s stock were exchanged, compared to its average volume of 3,106,553. The stock has a 50-day simple moving average of $2.93 and a two-hundred day simple moving average of $2.94. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a fifty-two week low of $1.81 and a fifty-two week high of $3.67. The stock has a market cap of $432.39 million, a price-to-earnings ratio of -6.24 and a beta of 2.18.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results 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 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 previous year, the business earned $0.01 EPS. Equities analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Clean Energy Fuels

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Clean Energy Fuels by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider’s stock valued at $23,840,000 after purchasing an additional 124,031 shares during the last quarter. Global Alpha Capital Management Ltd. raised its stake in shares of Clean Energy Fuels by 3.4% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 7,392,476 shares of the utilities provider’s stock worth $18,555,000 after buying an additional 246,500 shares in the last quarter. State Street Corp grew its stake in shares of Clean Energy Fuels by 0.5% in the 3rd quarter. State Street Corp now owns 5,923,358 shares of the utilities provider’s stock worth $18,422,000 after purchasing an additional 31,602 shares during the last quarter. Geode Capital Management LLC grew its position in Clean Energy Fuels by 3.1% in the third quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider’s stock worth $13,075,000 after buying an additional 126,760 shares during the last quarter. Finally, Yaupon Capital Management LP raised its position in shares of Clean Energy Fuels by 4.9% during the third quarter. Yaupon Capital Management LP now owns 2,573,358 shares of the utilities provider’s stock worth $8,003,000 after purchasing an additional 120,987 shares during the period. 49.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CLNE shares. StockNews.com upgraded Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Raymond James reiterated a “strong-buy” rating and set a $4.00 price target (down from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday.

Clean Energy Fuels Company Profile

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.