Fox Run Management L.L.C. Purchases 6,476 Shares of Cheniere Energy, Inc. $LNG

Fox Run Management L.L.C. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 441.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,944 shares of the energy company’s stock after purchasing an additional 6,476 shares during the quarter. Fox Run Management L.L.C.’s holdings in Cheniere Energy were worth $1,544,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Accordant Advisory Group Inc acquired a new position in shares of Cheniere Energy during the 4th quarter valued at $29,000. Eagle Bay Advisors LLC acquired a new position in shares of Cheniere Energy during the 4th quarter valued at $43,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Cheniere Energy during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

LNG opened at $236.61 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The company’s fifty day moving average price is $255.04 and its two-hundred day moving average price is $230.46. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a market cap of $49.58 billion and a price-to-earnings ratio of 38.92.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) earnings per share for the quarter, missing the consensus estimate of $4.25 by ($20.90). Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same quarter in the previous year, the company posted $1.57 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts expect that Cheniere Energy, Inc. will post 14.93 EPS for the current fiscal year.

Cheniere Energy declared that its board has authorized a stock buyback program on Thursday, February 26th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 annualized dividend and a yield of 0.9%. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, EVP Sean N. Markowitz sold 22,246 shares of the company’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $290.98, for a total transaction of $6,473,141.08. Following the transaction, the executive vice president owned 64,000 shares in the company, valued at approximately $18,622,720. This represents a 25.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Zach Davis sold 29,000 shares of the company’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $300.00, for a total transaction of $8,700,000.00. Following the transaction, the chief financial officer owned 87,146 shares in the company, valued at approximately $26,143,800. The trade was a 24.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

LNG has been the topic of a number of research reports. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Morgan Stanley dropped their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Wells Fargo & Company dropped their target price on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. TD Cowen boosted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $298.63.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.