XTX Topco Ltd Increases Stake in Clean Energy Fuels Corp. $CLNE

XTX Topco Ltd boosted its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 24.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 482,865 shares of the utilities provider’s stock after buying an additional 94,280 shares during the period. XTX Topco Ltd’s holdings in Clean Energy Fuels were worth $942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Clean Energy Fuels by 140.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,971 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 8,738 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new position in Clean Energy Fuels in the second quarter worth $37,000. Byrne Asset Management LLC bought a new position in Clean Energy Fuels in the second quarter worth $42,000. Aigen Investment Management LP purchased a new position in Clean Energy Fuels during the first quarter valued at $36,000. Finally, Prudential Financial Inc. boosted its holdings in shares of Clean Energy Fuels by 91.1% during the 2nd quarter. Prudential Financial Inc. now owns 25,831 shares of the utilities provider’s stock valued at $50,000 after buying an additional 12,317 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

CLNE has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Wednesday, October 8th. UBS Group restated a “buy” rating and issued a $2.75 price objective (up previously from $2.00) on shares of Clean Energy Fuels in a report on Tuesday, August 12th. Finally, Jefferies Financial Group downgraded shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.20 target price for the company. in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.59.

Clean Energy Fuels Stock Up 1.2%

Shares of Clean Energy Fuels stock opened at $2.18 on Monday. The company has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $2.30. The stock has a market capitalization of $476.98 million, a PE ratio of -2.42 and a beta of 2.73. Clean Energy Fuels Corp. has a 52-week low of $1.30 and a 52-week high of $3.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.51 and a current ratio of 2.83.

Insider Transactions at Clean Energy Fuels

In other Clean Energy Fuels news, SVP Barclay Corbus sold 105,300 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $2.63, for a total transaction of $276,939.00. Following the sale, the senior vice president directly owned 1,061,248 shares in the company, valued at approximately $2,791,082.24. This trade represents a 9.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.

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.