Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 56.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,241,708 shares of the utilities provider’s stock after buying an additional 450,143 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.56% of Clean Energy Fuels worth $3,117,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CLNE. Two Sigma Securities LLC acquired a new position in Clean Energy Fuels in the 4th quarter worth $31,000. Balyasny Asset Management L.P. bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth about $31,000. Tower Research Capital LLC TRC increased its position in shares of Clean Energy Fuels by 56.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 4,894 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth about $40,000. Finally, Versor Investments LP bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Robert M. Vreeland bought 15,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $1.94 per share, for a total transaction of $29,100.00. Following the transaction, the chief financial officer now owns 458,800 shares in the company, valued at approximately $890,072. This trade represents a 3.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 35,000 shares of company stock worth $64,100. Insiders own 4.30% of the company’s stock.

Clean Energy Fuels Price Performance

Shares of NASDAQ:CLNE opened at $2.02 on Monday. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.67. The firm has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $2.38. The company has a market cap of $446.38 million, a PE ratio of -6.52 and a beta of 2.57.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.21. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The business had revenue of $103.76 million during the quarter, compared to the consensus estimate of $96.61 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Lake Street Capital dropped their target price on shares of Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Raymond James reissued a “strong-buy” rating and issued a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. UBS Group set a $2.00 target price on shares of Clean Energy Fuels and gave the stock a “buy” rating in a research report on Sunday, April 13th. StockNews.com downgraded shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. Finally, Scotiabank lowered their price objective on shares of Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Clean Energy Fuels currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

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.