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

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $1.94 per share, for a total transaction of $29,100.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Clean Energy Fuels Stock Up 1.0 %

Clean Energy Fuels stock opened at $2.04 on Friday. The company has a market capitalization of $456.15 million, a PE ratio of -6.58 and a beta of 2.18. Clean Energy Fuels Corp. has a 12-month low of $1.81 and a 12-month high of $3.67. The firm’s fifty day moving average is $2.90 and its 200 day moving average is $2.92. 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 (NASDAQ:CLNE) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $109.33 million for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.01 earnings per share. As a group, sell-side analysts predict that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CLNE shares. Raymond James restated 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 downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Clean Energy Fuels by 252.1% during the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock worth $828,000 after purchasing an additional 190,520 shares during the period. JPMorgan Chase & Co. increased its stake in Clean Energy Fuels by 309.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock valued at $2,271,000 after purchasing an additional 551,896 shares in the last quarter. IMC Chicago LLC raised its holdings in Clean Energy Fuels by 7.4% during the fourth quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider’s stock worth $329,000 after buying an additional 9,021 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Clean Energy Fuels by 167.4% in the third quarter. BNP Paribas Financial Markets now owns 37,224 shares of the utilities provider’s stock valued at $116,000 after buying an additional 23,301 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of 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 buying an additional 31,602 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

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.