Samuel J. Merksamer Purchases 13,500 Shares of Cheniere Energy, Inc. (LNG) Stock
Cheniere Energy, Inc. (NYSEMKT:LNG) Director Samuel J. Merksamer bought 13,500 shares of Cheniere Energy stock in a transaction that occurred on Monday, November 14th. The stock was bought at an average cost of $35.57 per share, for a total transaction of $480,195.00. Following the purchase, the director now owns 18,634 shares in the company, valued at approximately $662,811.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Cheniere Energy, Inc. (NYSEMKT:LNG) opened at 37.80 on Wednesday. The firm’s market capitalization is $8.65 billion. Cheniere Energy, Inc. has a 12-month low of $22.80 and a 12-month high of $51.96. The stock’s 50 day moving average price is $40.41 and its 200-day moving average price is $39.22.
Cheniere Energy (NYSEMKT:LNG) last issued its earnings results on Thursday, November 3rd. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.05. The company had revenue of $465.67 million for the quarter, compared to analysts’ expectations of $233.49 million. The business’s quarterly revenue was up 604.5% compared to the same quarter last year. During the same period last year, the firm earned ($1.31) EPS. On average, equities analysts expect that Cheniere Energy, Inc. will post ($1.70) EPS for the current year.
A number of hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its position in Cheniere Energy by 1.3% in the first quarter. Legal & General Group Plc now owns 901,140 shares of the company’s stock worth $30,486,000 after buying an additional 11,755 shares in the last quarter. Hennessy Advisors Inc. raised its position in Cheniere Energy by 15.0% in the second quarter. Hennessy Advisors Inc. now owns 1,709,117 shares of the company’s stock worth $64,177,000 after buying an additional 223,500 shares in the last quarter. Wellington Management Group LLP raised its position in Cheniere Energy by 54.7% in the first quarter. Wellington Management Group LLP now owns 1,320,799 shares of the company’s stock worth $44,682,000 after buying an additional 467,171 shares in the last quarter. Harvest Fund Advisors LLC purchased a new position in Cheniere Energy during the first quarter worth approximately $47,126,000. Finally, Geode Capital Management LLC raised its position in Cheniere Energy by 3.7% in the first quarter. Geode Capital Management LLC now owns 1,436,372 shares of the company’s stock worth $48,566,000 after buying an additional 51,718 shares in the last quarter.
A number of equities research analysts recently issued reports on LNG shares. Barclays PLC reduced their target price on Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 6th. Zacks Investment Research lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Credit Suisse Group AG started coverage on Cheniere Energy in a research note on Wednesday, October 12th. They issued an “outperform” rating and a $53.00 target price on the stock. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Wednesday, July 20th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $54.50.
About Cheniere Energy
Cheniere Energy, Inc 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 The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.
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