Cheniere Energy, Inc. (LNG) is Valiant Capital Management L.P.’s 10th Largest Position
Valiant Capital Management L.P. decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 876,289 shares of the energy company’s stock after selling 143,500 shares during the quarter. Cheniere Energy comprises approximately 2.4% of Valiant Capital Management L.P.’s portfolio, making the stock its 10th biggest holding. Valiant Capital Management L.P. owned about 0.38% of Cheniere Energy worth $42,684,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Sheaff Brock Investment Advisors LLC raised its position in Cheniere Energy by 5.1% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 5,480 shares of the energy company’s stock worth $267,000 after acquiring an additional 265 shares in the last quarter. Fiduciary Trust Co. purchased a new position in Cheniere Energy in the second quarter worth $188,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Cheniere Energy by 55.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 256,289 shares of the energy company’s stock worth $12,484,000 after acquiring an additional 91,127 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in Cheniere Energy in the second quarter worth $2,425,000. Finally, Oppenheimer & Co. Inc. raised its position in Cheniere Energy by 7.0% in the second quarter. Oppenheimer & Co. Inc. now owns 9,256 shares of the energy company’s stock worth $451,000 after acquiring an additional 606 shares in the last quarter.
Several research analysts have issued reports on the company. Zacks Investment Research cut 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 objective on Cheniere Energy and gave the stock a “buy” rating in a research report on Friday, July 21st. Morgan Stanley cut Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a research report on Tuesday, June 13th. BidaskClub cut Cheniere Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Finally, ValuEngine cut Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.08.
In other news, General Counsel Sean N. Markowitz acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $42.10 per share, with a total value of $42,100.00. Following the purchase, the general counsel now owns 10,022 shares of the company’s stock, valued at $421,926.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael J. Wortley acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $41.96 per share, for a total transaction of $209,800.00. Following the purchase, the chief financial officer now directly owns 433,830 shares in the company, valued at approximately $18,203,506.80. The disclosure for this purchase can be found here.
Cheniere Energy, Inc. (NYSE LNG) traded up 0.18% during mid-day trading on Wednesday, reaching $43.78. The company’s stock had a trading volume of 709,082 shares. The company’s market capitalization is $10.18 billion. Cheniere Energy, Inc. has a 1-year low of $35.07 and a 1-year high of $51.41. The firm has a 50 day moving average price of $43.48 and a 200-day moving average price of $46.29.
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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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