Oliver Luxxe Assets LLC Invests $4.62 Million in Cheniere Energy, Inc. (NYSE:LNG)

Oliver Luxxe Assets LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,490 shares of the energy company’s stock, valued at approximately $4,618,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Octavia Wealth Advisors LLC raised its position in shares of Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after buying an additional 54 shares in the last quarter. MAI Capital Management increased its stake in Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after acquiring an additional 62 shares during the last quarter. Sapient Capital LLC raised its position in Cheniere Energy by 0.9% during the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock valued at $1,351,000 after purchasing an additional 67 shares in the last quarter. Quarry LP lifted its position in shares of Cheniere Energy by 7.6% during the 3rd quarter. Quarry LP now owns 1,057 shares of the energy company’s stock worth $190,000 after buying an additional 75 shares during the last quarter. Finally, CWM LLC grew its position in Cheniere Energy by 2.4% in the third quarter. CWM LLC now owns 3,238 shares of the energy company’s stock valued at $582,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.4 %

Shares of LNG traded up $0.83 during trading hours on Monday, hitting $223.31. 1,073,931 shares of the stock were exchanged, compared to its average volume of 1,520,452. The firm has a market capitalization of $50.10 billion, a P/E ratio of 14.26 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $228.10. The business has a 50-day moving average of $211.08 and a 200-day moving average of $191.10.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the company posted $2.37 EPS. On average, research analysts expect that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LNG shares. Wells Fargo & Company raised their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. TD Cowen raised their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $225.00.

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.