XTX Topco Ltd Has $602,000 Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Key Points

• XTX Topco Ltd increased its stake in Clean Energy Fuels Corp. by 174.8%, acquiring an additional 247,173 shares in the first quarter, bringing its total ownership to 388,585 shares worth $602,000.
• Clean Energy Fuels reported $0.01 EPS for the last quarter, surpassing analyst expectations, with revenue reaching $103.76 million compared to estimates of $96.61 million.
• Analysts have mixed ratings for Clean Energy Fuels, with a price target range from $2.00 to $5.00, and a current average rating of "Moderate Buy."

XTX Topco Ltd boosted its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 174.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 388,585 shares of the utilities provider's stock after buying an additional 247,173 shares during the period. XTX Topco Ltd owned approximately 0.17% of Clean Energy Fuels worth $602,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. S&CO Inc. raised its stake in Clean Energy Fuels by 100.0% during the 1st quarter. S&CO Inc. now owns 60,000 shares of the utilities provider's stock valued at $93,000 after purchasing an additional 30,000 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Clean Energy Fuels by 293.9% during the 1st quarter. GSA Capital Partners LLP now owns 541,145 shares of the utilities provider's stock worth $839,000 after purchasing an additional 403,747 shares during the period. Cetera Investment Advisers raised its position in shares of Clean Energy Fuels by 43.0% during the first quarter. Cetera Investment Advisers now owns 136,945 shares of the utilities provider's stock valued at $212,000 after buying an additional 41,208 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Clean Energy Fuels in the first quarter valued at about $1,113,000. Finally, CWM LLC grew its position in Clean Energy Fuels by 820.1% during the first quarter. CWM LLC now owns 34,126 shares of the utilities provider's stock worth $53,000 after buying an additional 30,417 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Trading Up 12.3%

CLNE stock traded up $0.25 during trading on Friday, hitting $2.29. The company had a trading volume of 7,196,374 shares, compared to its average volume of 2,708,383. The firm has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.04. Clean Energy Fuels Corp. has a 12 month low of $1.30 and a 12 month high of $3.67. The company has a quick ratio of 2.50, a current ratio of 2.82 and a debt-to-equity ratio of 0.45. The stock has a market cap of $506.04 million, a price-to-earnings ratio of -2.60 and a beta of 2.65.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its earnings results on Thursday, August 7th. The utilities provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. Clean Energy Fuels had a negative return on equity of 26.37% and a negative net margin of 47.99%. The company had revenue of $102.61 million during the quarter, compared to analysts' expectations of $94.73 million. During the same period last year, the firm earned $0.01 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CLNE. Scotiabank decreased their price objective on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group downgraded shares of Clean Energy Fuels from a "buy" rating to a "hold" rating in a research note on Friday. Lake Street Capital dropped their price objective on shares of Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, UBS Group set a $2.00 target price on shares of Clean Energy Fuels and gave the company a "buy" rating in a research report on Sunday, April 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $3.75.

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.