Oxbow Advisors LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,422 shares of the energy company’s stock after acquiring an additional 56 shares during the period. Oxbow Advisors LLC’s holdings in Cheniere Energy were worth $5,248,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of LNG. Blue Trust Inc. lifted its stake in shares of Cheniere Energy by 205.4% during the third quarter. Blue Trust Inc. now owns 1,417 shares of the energy company’s stock worth $248,000 after buying an additional 953 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Cheniere Energy during the third quarter worth $285,800,000. Moody Lynn & Lieberson LLC lifted its stake in shares of Cheniere Energy by 9.0% during the third quarter. Moody Lynn & Lieberson LLC now owns 2,418 shares of the energy company’s stock worth $435,000 after buying an additional 200 shares during the period. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy during the third quarter worth $616,000. Finally, Ballentine Partners LLC lifted its stake in shares of Cheniere Energy by 7.2% during the third quarter. Ballentine Partners LLC now owns 4,240 shares of the energy company’s stock worth $763,000 after buying an additional 285 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
LNG has been the subject of several research reports. Scotiabank lifted their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Morgan Stanley lifted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday. Barclays lifted their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.75.
Cheniere Energy Stock Down 2.7 %
LNG opened at $220.90 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. 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 fifty day moving average of $222.92 and a two-hundred day moving average of $203.27. The stock has a market capitalization of $49.56 billion, a price-to-earnings ratio of 14.11 and a beta of 0.98.
Cheniere Energy (NYSE:LNG – Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. On average, research analysts expect that Cheniere Energy, Inc. will post 12.77 earnings per share for the current year.
Cheniere Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Cheniere Energy’s payout ratio is 14.05%.
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.
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