21,490 Shares in Cheniere Energy, Inc. (NYSE:LNG) Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,490 shares of the energy company’s stock, valued at approximately $4,618,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the third quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in Cheniere Energy in the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in Cheniere Energy in the 2nd quarter valued at approximately $30,000. Finally, Adirondack Trust Co. bought a new position in shares of Cheniere Energy in the fourth quarter worth $43,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LNG shares. Barclays lifted their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Scotiabank lifted their price target on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday. Stifel Nicolaus raised their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. UBS Group increased their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company lifted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $231.64.

Cheniere Energy Trading Up 0.4 %

Shares of LNG opened at $234.36 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market cap of $52.58 billion, a price-to-earnings ratio of 14.97 and a beta of 0.99. The stock has a fifty day moving average price of $221.70 and a two-hundred day moving average price of $196.97. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the business earned $2.37 earnings per share. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. Analysts predict that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is 12.77%.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.