Castleark Management LLC decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 43.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,030 shares of the energy company’s stock after selling 121,010 shares during the period. Castleark Management LLC owned 0.07% of Cheniere Energy worth $7,746,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new position in Cheniere Energy during the 2nd quarter worth $449,000. Raymond James Financial Services Advisors Inc. lifted its position in Cheniere Energy by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,532 shares of the energy company’s stock worth $708,000 after acquiring an additional 79 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Cheniere Energy during the 2nd quarter worth $121,000. The Manufacturers Life Insurance Company lifted its position in Cheniere Energy by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,492 shares of the energy company’s stock worth $462,000 after acquiring an additional 733 shares during the last quarter. Finally, Steadfast Capital Management LP lifted its position in Cheniere Energy by 44.2% during the 2nd quarter. Steadfast Capital Management LP now owns 2,741,466 shares of the energy company’s stock worth $133,537,000 after acquiring an additional 839,724 shares during the last quarter.
Cheniere Energy, Inc. (NYSE:LNG) traded up 0.56% on Friday, reaching $47.07. 308,671 shares of the company traded hands. The stock has a 50-day moving average price of $44.04 and a 200-day moving average price of $45.98. Cheniere Energy, Inc. has a 52-week low of $35.07 and a 52-week high of $51.41. The firm’s market cap is $10.94 billion.
A number of research analysts have weighed in on LNG shares. ValuEngine lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research report on Tuesday, July 4th. Scotiabank set a $52.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research report on Monday, September 25th. They set an “outperform” rating and a $60.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Cheniere Energy has a consensus rating of “Buy” and a consensus target price of $54.82.
In other news, CFO Michael J. Wortley bought 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $41.96 per share, for a total transaction of $209,800.00. Following the transaction, the chief financial officer now owns 433,830 shares of the company’s stock, valued at $18,203,506.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Sean N. Markowitz bought 1,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average price of $42.10 per share, with a total value of $42,100.00. Following the completion of the transaction, the general counsel now directly owns 10,022 shares in the company, valued at approximately $421,926.20. The disclosure for this purchase can be found here. Insiders acquired a total of 29,750 shares of company stock valued at $1,257,000 in the last quarter.
Cheniere Energy Profile
Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.
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