Global X Management Co. LLC Lowers Position in Cheniere Energy, Inc. (LNG)
Global X Management Co. LLC reduced its stake in shares of Cheniere Energy, Inc. (NYSEMKT:LNG) by 17.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 130,690 shares of the company’s stock after selling 27,518 shares during the period. Global X Management Co. LLC owned about 0.06% of Cheniere Energy worth $5,698,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC raised its position in Cheniere Energy by 3,397.0% in the second quarter. Neuberger Berman Group LLC now owns 2,683,717 shares of the company’s stock worth $100,774,000 after buying an additional 2,606,973 shares during the last quarter. Jennison Associates LLC raised its position in Cheniere Energy by 229.5% in the third quarter. Jennison Associates LLC now owns 1,506,694 shares of the company’s stock worth $65,692,000 after buying an additional 1,049,456 shares during the last quarter. Cohen & Steers Inc. raised its position in Cheniere Energy by 2,236.0% in the second quarter. Cohen & Steers Inc. now owns 994,780 shares of the company’s stock worth $37,354,000 after buying an additional 952,196 shares during the last quarter. Harvest Fund Advisors LLC raised its position in Cheniere Energy by 63.0% in the second quarter. Harvest Fund Advisors LLC now owns 2,270,726 shares of the company’s stock worth $85,266,000 after buying an additional 877,708 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in Cheniere Energy during the second quarter worth $32,107,000.
Cheniere Energy, Inc. (NYSEMKT:LNG) traded up 4.85% during trading on Wednesday, reaching $40.86. The company had a trading volume of 3,721,956 shares. The stock’s market capitalization is $9.35 billion. The stock has a 50 day moving average of $39.21 and a 200-day moving average of $39.48. Cheniere Energy, Inc. has a 12-month low of $22.80 and a 12-month high of $48.14.
Cheniere Energy (NYSEMKT:LNG) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.05. The firm had revenue of $465.67 million for the quarter, compared to analysts’ expectations of $233.49 million. During the same period in the previous year, the company earned ($1.31) earnings per share. The business’s quarterly revenue was up 604.5% on a year-over-year basis. On average, analysts forecast that Cheniere Energy, Inc. will post ($1.66) earnings per share for the current fiscal year.
A number of research analysts have commented on the company. Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Tuesday, September 6th. Barclays PLC decreased their price objective on Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, September 6th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, October 12th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.50.
In other news, Director Samuel J. Merksamer purchased 13,500 shares of the business’s stock in a transaction on Monday, November 14th. The shares were acquired at an average cost of $35.57 per share, with a total value of $480,195.00. Following the completion of the acquisition, the director now owns 18,634 shares of the company’s stock, valued at $662,811.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jack A. Fusco purchased 35,063 shares of the business’s stock in a transaction on Monday, September 19th. The stock was purchased at an average cost of $42.78 per share, for a total transaction of $1,499,995.14. Following the completion of the acquisition, the insider now directly owns 340,824 shares of the company’s stock, valued at approximately $14,580,450.72. The disclosure for this purchase can be found here.
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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