SIR Capital Management L.P. Increases Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

SIR Capital Management L.P. increased its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,520,941 shares of the utilities provider's stock after buying an additional 171,018 shares during the quarter. SIR Capital Management L.P. owned about 1.13% of Clean Energy Fuels worth $6,328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Barclays PLC raised its position in Clean Energy Fuels by 252.1% during the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider's stock worth $828,000 after acquiring an additional 190,520 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Clean Energy Fuels by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider's stock valued at $23,840,000 after acquiring an additional 124,031 shares during the period. JPMorgan Chase & Co. lifted its stake 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 in the last quarter. IMC Chicago LLC lifted its stake in Clean Energy Fuels by 7.4% during the 4th quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider's stock worth $329,000 after acquiring an additional 9,021 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Clean Energy Fuels by 3.2% during the fourth quarter. Rhumbline Advisers now owns 279,006 shares of the utilities provider's stock worth $700,000 after purchasing an additional 8,731 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Stock Performance

CLNE traded down $0.15 during trading on Wednesday, hitting $1.82. The stock had a trading volume of 1,810,048 shares, compared to its average volume of 2,114,115. The firm has a market capitalization of $401.08 million, a P/E ratio of -5.85 and a beta of 2.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. Clean Energy Fuels Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. The company's 50-day moving average price is $1.60 and its 200 day moving average price is $2.37.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.21. The business had revenue of $103.76 million for the quarter, compared to analyst estimates of $96.61 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The business's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) earnings per share. On average, equities research analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland bought 15,000 shares of Clean Energy Fuels stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $1.94 per share, with a total value of $29,100.00. Following the completion of the acquisition, the chief financial officer now owns 458,800 shares in the company, valued at $890,072. The trade was a 3.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 35,000 shares of company stock valued at $64,100. 4.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CLNE shares. StockNews.com cut Clean Energy Fuels from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. Lake Street Capital decreased their price objective on Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating for the company in a report on Friday, May 9th. UBS Group set a $2.00 price objective on shares of Clean Energy Fuels and gave the company a "buy" rating in a research note on Sunday, April 13th. Raymond James reiterated 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. Finally, Scotiabank dropped their price target 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. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.75.

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.