Clean Energy Fuels Corp. (NASDAQ:CLNE) Holdings Boosted by XTX Topco Ltd

XTX Topco Ltd grew its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 1,206.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,012 shares of the utilities provider’s stock after purchasing an additional 123,756 shares during the period. XTX Topco Ltd owned approximately 0.06% of Clean Energy Fuels worth $417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CLNE. Yaupon Capital Management LP boosted its position in Clean Energy Fuels by 4.9% during the 3rd quarter. Yaupon Capital Management LP now owns 2,573,358 shares of the utilities provider’s stock worth $8,003,000 after acquiring an additional 120,987 shares during the period. Zacks Investment Management acquired a new stake in shares of Clean Energy Fuels during the third quarter worth approximately $42,000. Jane Street Group LLC grew its position in Clean Energy Fuels by 52.8% during the third quarter. Jane Street Group LLC now owns 363,086 shares of the utilities provider’s stock valued at $1,129,000 after purchasing an additional 125,404 shares in the last quarter. Wellington Management Group LLP acquired a new position in Clean Energy Fuels in the 3rd quarter valued at approximately $280,000. Finally, State Street Corp lifted its position in Clean Energy Fuels by 0.5% in the 3rd quarter. State Street Corp now owns 5,923,358 shares of the utilities provider’s stock worth $18,422,000 after buying an additional 31,602 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Stock Performance

CLNE opened at $2.77 on Monday. 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 company has a market cap of $618.98 million, a PE ratio of -8.94 and a beta of 2.14. The stock has a 50-day moving average of $2.89 and a 200-day moving average of $2.85. Clean Energy Fuels Corp. has a 52-week low of $2.17 and a 52-week high of $4.13.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The firm had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $100.64 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on CLNE shares. StockNews.com cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Scotiabank raised their price target on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Clean Energy Fuels has a consensus rating of “Moderate Buy” and a consensus price target of $5.38.

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.