Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland Purchases 10,000 Shares

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

Clean Energy Fuels Stock Down 1.8 %

Shares of CLNE stock opened at $1.66 on Wednesday. The stock’s fifty day moving average price is $2.58 and its 200 day moving average price is $2.77. Clean Energy Fuels Corp. has a 1-year low of $1.62 and a 1-year high of $3.67. The company has a market cap of $371.18 million, a price-to-earnings ratio of -5.35 and a beta of 2.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $109.33 million for the quarter, compared to analyst estimates 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 firm earned $0.01 earnings per share. On average, research analysts expect that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Raymond James restated a “strong-buy” rating and issued a $4.00 price target (down from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of Clean Energy Fuels by 252.1% in the 3rd quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock valued at $828,000 after acquiring an additional 190,520 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Clean Energy Fuels by 309.5% in the third 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 during the period. IMC Chicago LLC increased its holdings in shares of Clean Energy Fuels by 7.4% in the fourth quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 9,021 shares during the period. Rhumbline Advisers raised its stake in shares of Clean Energy Fuels by 3.2% in the fourth quarter. Rhumbline Advisers now owns 279,006 shares of the utilities provider’s stock worth $700,000 after purchasing an additional 8,731 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Clean Energy Fuels by 167.4% during the third quarter. BNP Paribas Financial Markets now owns 37,224 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 23,301 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.