Oppenheimer Asset Management Inc. raised its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,364 shares of the energy company’s stock after acquiring an additional 189 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Cheniere Energy were worth $436,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in LNG. Geode Capital Management LLC increased its holdings in shares of Cheniere Energy by 9.5% during the 4th quarter. Geode Capital Management LLC now owns 2,024,362 shares of the energy company’s stock worth $119,741,000 after buying an additional 174,872 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $205,000. Comerica Bank increased its holdings in shares of Cheniere Energy by 16.2% during the 1st quarter. Comerica Bank now owns 11,132 shares of the energy company’s stock worth $747,000 after buying an additional 1,550 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $571,000. Finally, Stephens Inc. AR acquired a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $293,000.
Shares of NYSEAMERICAN:LNG traded up $0.44 during mid-day trading on Thursday, reaching $64.15. 779,946 shares of the company were exchanged, compared to its average volume of 1,775,875. Cheniere Energy, Inc. has a 1 year low of $55.09 and a 1 year high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.59). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. The business’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share.
A number of analysts have recently issued reports on LNG shares. Cowen restated an “outperform” rating and set a $80.00 price target (up previously from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. Zacks Investment Research downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 price target for the company. in a report on Thursday. Finally, BTIG Research assumed coverage on shares of Cheniere Energy in a report on Tuesday, July 16th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $76.38.
Cheniere Energy Company Profile
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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