ExodusPoint Capital Management LP Has $85,000 Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

ExodusPoint Capital Management LP cut its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 92.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,835 shares of the utilities provider’s stock after selling 391,691 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Clean Energy Fuels were worth $85,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. raised its holdings in Clean Energy Fuels by 3.4% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 7,392,476 shares of the utilities provider’s stock valued at $18,555,000 after buying an additional 246,500 shares during the last quarter. State Street Corp lifted its holdings in shares of Clean Energy Fuels by 0.5% during the third quarter. State Street Corp now owns 5,923,358 shares of the utilities provider’s stock worth $18,422,000 after purchasing an additional 31,602 shares during the period. Geode Capital Management LLC grew its stake in shares of Clean Energy Fuels by 3.1% in the third quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider’s stock worth $13,075,000 after purchasing an additional 126,760 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Clean Energy Fuels by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,455,351 shares of the utilities provider’s stock worth $3,653,000 after purchasing an additional 12,169 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Clean Energy Fuels by 41.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,029,482 shares of the utilities provider’s stock valued at $2,584,000 after purchasing an additional 299,264 shares during the period. 49.94% of the stock is owned by institutional investors and hedge funds.

Clean Energy Fuels Stock Performance

CLNE stock opened at $1.40 on Tuesday. Clean Energy Fuels Corp. has a 1-year low of $1.30 and a 1-year high of $3.67. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $2.06 and a 200-day moving average price of $2.60. The firm has a market cap of $313.55 million, a PE ratio of -4.52 and a beta of 2.48.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. During the same period in the previous year, the firm earned $0.01 earnings per share. As a group, equities research analysts expect that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Robert M. Vreeland purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $1.94 per share, with a total value of $29,100.00. Following the purchase, the chief financial officer now owns 458,800 shares in the company, valued at $890,072. This represents a 3.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 35,000 shares of company stock valued at $64,100 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CLNE has been the topic of a number of analyst reports. StockNews.com lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. Scotiabank reduced their target price on Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating on the stock in a report on Friday. Finally, Raymond James restated a “strong-buy” rating and set a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th.

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.