Adams Natural Resources Fund Inc. Takes Position in Cheniere Energy, Inc. $LNG

Key Points

• Adams Natural Resources Fund Inc. has acquired a new stake in Cheniere Energy, purchasing 13,300 shares worth approximately $3.24 million.
• Multiple analysts have expressed strong positive sentiment for Cheniere Energy, with price targets set as high as $288.00 and a consensus "Buy" rating from research reports.
• Cheniere Energy reported impressive quarterly earnings, surpassing estimates with $7.30 earnings per share and a 42.8% year-over-year revenue growth.

Adams Natural Resources Fund Inc. bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,300 shares of the energy company's stock, valued at approximately $3,239,000.

Several other large investors also recently modified their holdings of the business. Pinnacle Bancorp Inc. lifted its position in shares of Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Hilltop National Bank bought a new position in shares of Cheniere Energy during the second quarter worth about $28,000. Richardson Financial Services Inc. bought a new position in shares of Cheniere Energy during the second quarter worth about $30,000. Cooksen Wealth LLC bought a new position in shares of Cheniere Energy during the first quarter worth about $38,000. Finally, WPG Advisers LLC bought a new position in shares of Cheniere Energy during the first quarter worth about $38,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNG has been the topic of several research analyst reports. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an "outperform" rating and a $268.00 price target on the stock. Zacks Research raised shares of Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Wells Fargo & Company raised their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Finally, Cowen reissued a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $266.93.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $222.18 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The firm's 50-day moving average price is $233.68 and its two-hundred day moving average price is $232.91. Cheniere Energy, Inc. has a 52-week low of $180.77 and a 52-week high of $257.65. The stock has a market capitalization of $48.83 billion, a P/E ratio of 12.97 and a beta of 0.37.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. The company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.84 earnings per share. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

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.

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