Oppenheimer Asset Management Inc. Invests $341,000 in Cheniere Energy, Inc. (LNG)
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.
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