Cibc World Markets Corp Acquires Shares of 15,976 Clean Energy Fuels Corp. (NASDAQ:CLNE)

Cibc World Markets Corp bought a new position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,976 shares of the utilities provider’s stock, valued at approximately $40,000.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Clean Energy Fuels by 309.5% during the third quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock worth $2,271,000 after purchasing an additional 551,896 shares during the last quarter. Global Alpha Capital Management Ltd. grew 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 valued at $18,555,000 after buying an additional 246,500 shares during the period. Mercuria Capital Strategies LLC acquired a new stake in shares of Clean Energy Fuels during the 4th quarter worth approximately $489,000. Barclays PLC raised its position in shares of Clean Energy Fuels by 252.1% during the 3rd quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock valued at $828,000 after buying an additional 190,520 shares during the period. Finally, HITE Hedge Asset Management LLC lifted its holdings in Clean Energy Fuels by 26.8% in the third quarter. HITE Hedge Asset Management LLC now owns 603,533 shares of the utilities provider’s stock valued at $1,877,000 after acquiring an additional 127,712 shares during the last quarter. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on CLNE shares. Raymond James reissued a “strong-buy” rating and set a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research note 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.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $1.62 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The firm has a market cap of $362.24 million, a P/E ratio of -5.23 and a beta of 2.35. The firm’s 50 day moving average price is $2.51 and its 200-day moving average price is $2.74. Clean Energy Fuels Corp. has a one year low of $1.55 and a one year high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The company had revenue of $109.33 million for the quarter, compared to analysts’ expectations of $102.60 million. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, equities research analysts predict that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Insider Buying and Selling

In other Clean Energy Fuels news, CFO Robert M. Vreeland bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $1.94 per share, with a total value 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 represents a 3.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have bought 35,000 shares of company stock valued at $64,100. Corporate insiders own 3.60% 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.