Cheniere Energy, Inc. (LNG) General Counsel Purchases $54,270.00 in Stock
Cheniere Energy, Inc. (NYSEMKT:LNG) General Counsel Sean N. Markowitz bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were bought at an average cost of $36.18 per share, for a total transaction of $54,270.00. Following the completion of the acquisition, the general counsel now owns 1,500 shares of the company’s stock, valued at $54,270. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Cheniere Energy, Inc. (NYSEMKT:LNG) opened at 37.09 on Thursday. The company has a 50-day moving average price of $39.91 and a 200 day moving average price of $39.19. Cheniere Energy, Inc. has a one year low of $22.80 and a one year high of $51.96. The company’s market capitalization is $8.49 billion.
Cheniere Energy (NYSEMKT:LNG) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.05. The business had revenue of $465.67 million for the quarter, compared to the consensus estimate of $233.49 million. During the same period last year, the business earned ($1.31) EPS. Cheniere Energy’s revenue for the quarter was up 604.5% on a year-over-year basis. On average, analysts forecast that Cheniere Energy, Inc. will post ($1.70) EPS for the current fiscal year.
Several analysts have issued reports on LNG shares. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Cheniere Energy in a research note on Wednesday, July 20th. Zacks Investment Research lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Barclays PLC reduced their price objective on shares of Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 6th. Finally, Credit Suisse Group AG began coverage on shares of Cheniere Energy in a research note on Wednesday, October 12th. They issued an “outperform” rating and a $53.00 price target on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $54.50.
Several large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Cheniere Energy during the second quarter worth approximately $101,000. Mizuho Asset Management Co. Ltd. boosted its position in shares of Cheniere Energy by 77.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,688 shares of the company’s stock worth $101,000 after buying an additional 1,171 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Cheniere Energy by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,040 shares of the company’s stock worth $114,000 after buying an additional 315 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of Cheniere Energy during the third quarter worth approximately $118,000. Finally, US Bancorp DE boosted its position in shares of Cheniere Energy by 63.0% in the second quarter. US Bancorp DE now owns 3,596 shares of the company’s stock worth $134,000 after buying an additional 1,390 shares in the last quarter.
Cheniere Energy Company Profile
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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