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

Several other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Clean Energy Fuels by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider's stock worth $23,840,000 after purchasing an additional 124,031 shares during the period. SIR Capital Management L.P. increased its holdings in Clean Energy Fuels by 7.3% during the 4th quarter. SIR Capital Management L.P. now owns 2,520,941 shares of the utilities provider's stock worth $6,328,000 after purchasing an additional 171,018 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Clean Energy Fuels by 56.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider's stock worth $3,117,000 after purchasing an additional 450,143 shares during the period. Millennium Management LLC increased its holdings in shares of Clean Energy Fuels by 41.2% in the 4th quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider's stock valued at $2,886,000 after acquiring an additional 335,694 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Clean Energy Fuels by 41.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,029,482 shares of the utilities provider's stock worth $2,584,000 after acquiring an additional 299,264 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Scotiabank cut their target price on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. UBS Group set a $2.00 target price on Clean Energy Fuels and gave the stock a "buy" rating in a research report on Sunday, April 13th. Lake Street Capital cut their target price on Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Jefferies Financial Group lowered Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 target price on the stock. in a research report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $3.44.

Clean Energy Fuels Stock Performance

NASDAQ:CLNE traded up $0.25 during mid-day trading on Friday, reaching $2.29. 7,200,543 shares of the stock were exchanged, compared to its average volume of 1,514,984. The company has a 50 day simple moving average of $2.01 and a 200-day simple moving average of $2.04. The stock has a market capitalization of $506.04 million, a P/E ratio of -2.54 and a beta of 2.65. The company has a quick ratio of 2.50, a current ratio of 2.82 and a debt-to-equity ratio of 0.45. Clean Energy Fuels Corp. has a 1 year low of $1.30 and a 1 year high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The firm had revenue of $102.61 million for the quarter, compared to the consensus estimate of $94.73 million. Clean Energy Fuels had a negative return on equity of 27.08% and a negative net margin of 48.40%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. Analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal 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.