Cross Staff Investments Inc Cuts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Cross Staff Investments Inc lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,972 shares of the energy company’s stock after selling 397 shares during the period. Cheniere Energy comprises about 1.2% of Cross Staff Investments Inc’s portfolio, making the stock its 20th largest position. Cross Staff Investments Inc’s holdings in Cheniere Energy were worth $1,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its stake in Cheniere Energy by 27.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock valued at $4,715,000 after purchasing an additional 6,235 shares during the period. Sei Investments Co. grew its position in Cheniere Energy by 6.7% during the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after buying an additional 11,800 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Cheniere Energy by 103.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock worth $5,093,000 after buying an additional 16,044 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after acquiring an additional 42,737 shares during the period. Finally, Silvercrest Asset Management Group LLC bought a new stake in Cheniere Energy in the first quarter worth about $818,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE:LNG opened at $186.42 on Friday. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $193.16. The stock has a fifty day moving average of $183.05 and a 200 day moving average of $171.95. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The firm has a market capitalization of $42.67 billion, a price-to-earnings ratio of 9.08 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. On average, research analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

Analysts Set New Price Targets

LNG has been the topic of several research reports. Bank of America began coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Barclays boosted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada increased their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus lowered their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.