Oppenheimer Asset Management Inc. bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,211 shares of the energy company’s stock, valued at approximately $341,000.

Other institutional investors have also added to or reduced their stakes in the company. Omega Advisors Inc. purchased a new position in shares of Cheniere Energy during the first quarter valued at about $2,364,000. Schwab Charles Investment Management Inc. boosted its position in shares of Cheniere Energy by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 388,713 shares of the energy company’s stock valued at $18,375,000 after buying an additional 19,731 shares during the period. Amalgamated Bank boosted its position in shares of Cheniere Energy by 9.4% in the first quarter. Amalgamated Bank now owns 10,840 shares of the energy company’s stock valued at $512,000 after buying an additional 934 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Cheniere Energy by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 508,536 shares of the energy company’s stock valued at $24,031,000 after buying an additional 27,777 shares during the period. Finally, Old West Investment Management LLC boosted its position in shares of Cheniere Energy by 0.9% in the first quarter. Old West Investment Management LLC now owns 210,813 shares of the energy company’s stock valued at $9,965,000 after buying an additional 1,983 shares during the period.

Shares of Cheniere Energy, Inc. (LNG) traded down 0.71% on Thursday, reaching $44.72. The company had a trading volume of 1,596,776 shares. Cheniere Energy, Inc. has a one year low of $35.07 and a one year high of $51.41. The company has a 50-day moving average price of $47.05 and a 200-day moving average price of $47.10. The firm’s market cap is $10.64 billion.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, May 4th. The energy company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.60. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $663.20 million. The company’s revenue was up 1655.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.41) EPS. On average, analysts expect that Cheniere Energy, Inc. will post $0.62 earnings per share for the current fiscal year.

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Several equities research analysts have weighed in on the company. Barclays PLC increased their target price on Cheniere Energy from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Zacks Investment Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Scotiabank set a $52.00 price target on Cheniere Energy and gave the company a “buy” rating in a report on Friday, July 21st. Morgan Stanley lowered Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a report on Tuesday, June 13th. Finally, BidaskClub lowered Cheniere Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Cheniere Energy currently has an average rating of “Buy” and an average target price of $54.08.

About Cheniere Energy

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.

Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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