Mercuria Capital Strategies LLC Takes Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Mercuria Capital Strategies LLC purchased a new stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 195,000 shares of the utilities provider's stock, valued at approximately $489,000. Clean Energy Fuels comprises about 0.2% of Mercuria Capital Strategies LLC's investment portfolio, making the stock its 10th biggest holding. Mercuria Capital Strategies LLC owned about 0.09% of Clean Energy Fuels at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Point72 DIFC Ltd bought a new stake in Clean Energy Fuels during the 3rd quarter worth about $41,000. Zacks Investment Management acquired a new stake in shares of Clean Energy Fuels during the 3rd quarter worth approximately $42,000. Versor Investments LP bought a new stake in shares of Clean Energy Fuels during the fourth quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Clean Energy Fuels by 235.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider's stock valued at $57,000 after buying an additional 12,929 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new position in Clean Energy Fuels in the third quarter valued at approximately $66,000. Institutional investors and hedge funds own 49.94% of the company's stock.

Clean Energy Fuels Trading Up 5.1 %

Shares of NASDAQ CLNE traded up $0.09 during midday trading on Monday, reaching $1.85. 1,948,308 shares of the stock were exchanged, compared to its average volume of 1,889,636. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. Clean Energy Fuels Corp. has a 12 month low of $1.72 and a 12 month high of $3.67. The business has a 50-day simple moving average of $2.75 and a two-hundred day simple moving average of $2.82. The company has a market capitalization of $413.67 million, a price-to-earnings ratio of -5.97 and a beta of 2.35.

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Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, topping the consensus estimate 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 $109.33 million for the quarter, compared to analyst estimates of $102.60 million. During the same period in the previous year, the company posted $0.01 earnings per share. As a group, equities research analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Insider Activity at Clean Energy Fuels

In related news, CFO Robert M. Vreeland purchased 15,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $1.94 per share, with a total value of $29,100.00. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CLNE shares. Raymond James reissued a "strong-buy" rating and issued a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th. StockNews.com downgraded Clean Energy Fuels from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th.

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.