IMC Chicago LLC Trims Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

IMC Chicago LLC lowered its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,391 shares of the utilities provider’s stock after selling 12,480 shares during the quarter. IMC Chicago LLC owned about 0.05% of Clean Energy Fuels worth $312,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CLNE. Sunbelt Securities Inc. lifted its position in Clean Energy Fuels by 1,052.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,950 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 10,000 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth approximately $1,566,000. Brown Advisory Inc. boosted its position in shares of Clean Energy Fuels by 24.3% in the 4th quarter. Brown Advisory Inc. now owns 49,736 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 9,736 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Clean Energy Fuels by 271.6% in the 4th quarter. BNP Paribas Financial Markets now owns 145,256 shares of the utilities provider’s stock worth $556,000 after buying an additional 106,162 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Clean Energy Fuels by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,367,278 shares of the utilities provider’s stock valued at $5,237,000 after buying an additional 19,616 shares in the last quarter. Institutional investors own 49.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CLNE shares. Scotiabank cut their target price on Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a research note on Monday, May 13th. Raymond James dropped their target price on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 3rd. Finally, Piper Sandler decreased their price objective on shares of Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.60.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $2.67 on Monday. The company has a quick ratio of 2.80, a current ratio of 3.14 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $2.62 and a 200-day moving average price of $2.88. Clean Energy Fuels Corp. has a 52 week low of $2.17 and a 52 week high of $5.25. The firm has a market capitalization of $596.10 million, a PE ratio of -7.63 and a beta of 2.13.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Thursday, May 9th. The utilities provider reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.05. The business had revenue of $103.71 million during the quarter, compared to the consensus estimate of $106.63 million. Clean Energy Fuels had a negative net margin of 19.98% and a negative return on equity of 11.09%. As a group, equities research analysts expect that Clean Energy Fuels Corp. will post -0.44 earnings per share for the current year.

Clean Energy Fuels 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.