ExodusPoint Capital Management LP Has $85,000 Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

ExodusPoint Capital Management LP reduced its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 92.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,835 shares of the utilities provider’s stock after selling 391,691 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Clean Energy Fuels were worth $85,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cibc World Markets Corp acquired a new position in Clean Energy Fuels during the 4th quarter valued at about $40,000. Versor Investments LP bought a new stake in Clean Energy Fuels during the fourth quarter worth $45,000. Orion Portfolio Solutions LLC purchased a new stake in Clean Energy Fuels in the 3rd quarter valued at $66,000. Grassi Investment Management lifted its stake in Clean Energy Fuels by 74.1% during the 4th quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Clean Energy Fuels during the 4th quarter worth $63,000. 49.94% of the stock is owned by institutional investors.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $1.40 on Tuesday. 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 $313.55 million, a price-to-earnings ratio of -4.52 and a beta of 2.48. Clean Energy Fuels Corp. has a 52 week low of $1.30 and a 52 week high of $3.67. The firm’s 50-day simple moving average is $2.06 and its two-hundred day simple moving average is $2.60.

Clean Energy Fuels (NASDAQ:CLNE) last posted 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 net margin of 17.32% and a negative return on equity of 7.59%. The company had revenue of $109.33 million for the quarter, compared to analysts’ expectations of $102.60 million. During the same quarter in the previous year, the firm posted $0.01 EPS. As a group, equities analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Insider Buying and Selling at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland purchased 15,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $1.94 per share, with a total value of $29,100.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 35,000 shares of company stock worth $64,100 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CLNE has been the topic of several analyst reports. Scotiabank cut their price target on shares of Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating on the stock in a report on Friday. StockNews.com lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Finally, Raymond James reiterated a “strong-buy” rating and set a $4.00 price target (down from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th.

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.