195,000 Shares in Clean Energy Fuels Corp. (NASDAQ:CLNE) Acquired by Mercuria Capital Strategies LLC

Mercuria Capital Strategies LLC bought a new position in Clean Energy Fuels Corp. (NASDAQ:CLNE) in the fourth quarter, Holdings Channel reports. The institutional investor bought 195,000 shares of the utilities provider’s stock, valued at approximately $489,000. Clean Energy Fuels makes up about 0.2% of Mercuria Capital Strategies LLC’s holdings, making the stock its 10th biggest position.

A number of other hedge funds also recently bought and sold shares of CLNE. Point72 DIFC Ltd bought a new stake in Clean Energy Fuels in the 3rd quarter worth approximately $41,000. Zacks Investment Management bought a new stake in Clean Energy Fuels in the 3rd quarter worth approximately $42,000. Versor Investments LP bought a new stake in Clean Energy Fuels in the 4th quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Clean Energy Fuels by 235.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock worth $57,000 after buying an additional 12,929 shares during the last quarter. Finally, Grassi Investment Management lifted its position in Clean Energy Fuels by 74.1% in the fourth quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $1.94 per share, for a total transaction of $29,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 458,800 shares in the company, valued at $890,072. The trade was a 3.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.60% of the stock is owned by corporate insiders.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $1.89 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. Clean Energy Fuels Corp. has a fifty-two week low of $1.77 and a fifty-two week high of $3.67. The stock has a 50 day moving average price of $2.79 and a two-hundred day moving average price of $2.85. The company has a market capitalization of $422.61 million, a P/E ratio of -6.10 and a beta of 2.35.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $109.33 million during the quarter, compared to the consensus estimate 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 company earned $0.01 earnings per share. Analysts expect that Clean Energy Fuels Corp. will post -0.33 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.