Shell Asset Management Co. Has $337,000 Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Shell Asset Management Co. reduced its position in Clean Energy Fuels Corp. (NASDAQ:CLNEGet Rating) by 12.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,495 shares of the utilities provider’s stock after selling 6,290 shares during the period. Shell Asset Management Co.’s holdings in Clean Energy Fuels were worth $337,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. West Oak Capital LLC increased its position in Clean Energy Fuels by 21.8% in the 1st quarter. West Oak Capital LLC now owns 12,865 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 2,300 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Clean Energy Fuels by 14.9% during the 4th quarter. American Century Companies Inc. now owns 18,689 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 2,423 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Clean Energy Fuels by 315.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,740 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 2,840 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Clean Energy Fuels by 31.9% during the 4th quarter. HighTower Advisors LLC now owns 15,020 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 3,633 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Clean Energy Fuels by 10.2% during the 4th quarter. Arizona State Retirement System now owns 45,013 shares of the utilities provider’s stock valued at $276,000 after acquiring an additional 4,171 shares during the last quarter. 42.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Andrew J. Littlefair acquired 25,000 shares of Clean Energy Fuels stock in a transaction on Thursday, May 12th. The stock was bought at an average price of $4.09 per share, for a total transaction of $102,250.00. Following the transaction, the chief executive officer now owns 1,551,374 shares of the company’s stock, valued at $6,345,119.66. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Clean Energy Fuels Price Performance

Shares of NASDAQ:CLNE opened at $7.57 on Friday. The business has a 50 day moving average price of $5.37 and a 200 day moving average price of $6.13. Clean Energy Fuels Corp. has a twelve month low of $4.02 and a twelve month high of $9.69. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -14.56 and a beta of 2.07. The company has a quick ratio of 3.31, a current ratio of 3.59 and a debt-to-equity ratio of 0.04.

Clean Energy Fuels (NASDAQ:CLNEGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). Clean Energy Fuels had a negative return on equity of 2.84% and a negative net margin of 42.05%. The firm had revenue of $83.50 million during the quarter, compared to the consensus estimate of $89.61 million. During the same quarter in the prior year, the business posted ($0.03) EPS. Clean Energy Fuels’s revenue was up 8.3% compared to the same quarter last year. Research analysts predict that Clean Energy Fuels Corp. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jonestrading assumed coverage on Clean Energy Fuels in a report on Friday, April 8th. They set a “buy” rating on the stock. Credit Suisse Group lowered their price objective on Clean Energy Fuels to $12.50 and set an “outperform” rating on the stock in a report on Tuesday, May 17th. Finally, Raymond James upgraded Clean Energy Fuels from a “market perform” rating to an “outperform” rating and set a $6.00 target price for the company in a research note on Tuesday, May 10th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, Clean Energy Fuels currently has an average rating of “Moderate Buy” and an average price target of $13.50.

Clean Energy Fuels Profile

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Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily 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.

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Institutional Ownership by Quarter for Clean Energy Fuels (NASDAQ:CLNE)

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