Oxbow Advisors LLC Has $4.09 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Oxbow Advisors LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,419 shares of the energy company’s stock after purchasing an additional 57 shares during the period. Oxbow Advisors LLC’s holdings in Cheniere Energy were worth $4,094,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its stake in Cheniere Energy by 27.1% during the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after buying an additional 6,235 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Cheniere Energy during the 4th quarter valued at $852,000. Sei Investments Co. raised its position in Cheniere Energy by 6.7% in the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after purchasing an additional 11,800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Cheniere Energy by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 898,191 shares of the energy company’s stock worth $153,330,000 after purchasing an additional 31,832 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of 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 purchasing an additional 16,044 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.4 %

LNG traded down $0.64 during midday trading on Friday, reaching $180.64. 1,509,885 shares of the company were exchanged, compared to its average volume of 1,815,255. The stock has a market capitalization of $41.35 billion, a P/E ratio of 8.80 and a beta of 0.95. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $187.44. The stock’s 50-day simple moving average is $179.85 and its 200 day simple moving average is $166.12. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $2.13. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The business’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.61 earnings per share. As a group, analysts forecast that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy announced that its Board of Directors has approved a stock repurchase program on Monday, June 17th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the energy company to repurchase up to 9.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, August 9th. Cheniere Energy’s payout ratio is presently 8.48%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LNG. JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Stifel Nicolaus decreased 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 note on Friday, August 9th. TD Cowen boosted their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating for the company. Finally, Barclays upped their price target on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.00.

Cheniere Energy Company 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.