Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,395 shares of the utilities provider’s stock after selling 4,137 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Clean Energy Fuels were worth $51,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in shares of Clean Energy Fuels in the 3rd quarter valued at $31,000. Point72 DIFC Ltd acquired a new position in Clean Energy Fuels in the third quarter valued at $41,000. Zacks Investment Management purchased a new stake in shares of Clean Energy Fuels in the third quarter valued at about $42,000. Algert Global LLC acquired a new stake in shares of Clean Energy Fuels during the second quarter worth about $45,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Clean Energy Fuels by 235.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock worth $57,000 after buying an additional 12,929 shares during the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Monday.

Clean Energy Fuels Stock Up 1.8 %

Shares of NASDAQ:CLNE opened at $3.32 on Friday. Clean Energy Fuels Corp. has a fifty-two week low of $2.17 and a fifty-two week high of $3.41. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $2.88. The company has a market cap of $741.89 million, a price-to-earnings ratio of -10.71 and a beta of 2.16.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, beating 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 company had revenue of $104.90 million for the quarter, compared to analyst estimates of $100.64 million. During the same quarter in the previous year, the company earned ($0.12) EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

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.