Cross Staff Investments Inc Boosts Holdings in Cheniere Energy, Inc. $LNG

Key Points

• Cross Staff Investments Inc boosted its holdings in Cheniere Energy by 23.4%, acquiring an additional 2,152 shares, making it the firm's 7th largest investment.
• Cheniere Energy reported earnings per share of $7.30, significantly exceeding the consensus estimate of $2.35 for the quarter.
• The stock's average target price among analysts is $263.60, with a majority rating it as a "Buy."

Cross Staff Investments Inc raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 23.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,329 shares of the energy company's stock after purchasing an additional 2,152 shares during the quarter. Cheniere Energy accounts for about 1.9% of Cross Staff Investments Inc's investment portfolio, making the stock its 7th biggest position. Cross Staff Investments Inc's holdings in Cheniere Energy were worth $2,759,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. increased its stake in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock valued at $25,000 after acquiring an additional 59 shares during the period. Hilltop National Bank bought a new stake in Cheniere Energy in the second quarter valued at about $28,000. Cooksen Wealth LLC bought a new stake in Cheniere Energy in the first quarter valued at about $38,000. WPG Advisers LLC bought a new stake in Cheniere Energy in the first quarter valued at about $38,000. Finally, Tsfg LLC increased its stake in Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after acquiring an additional 169 shares during the period. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $227.56 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $50.01 billion, a price-to-earnings ratio of 13.28 and a beta of 0.37. Cheniere Energy, Inc. has a 1-year low of $180.62 and a 1-year high of $257.65. The firm's 50-day moving average price is $235.33 and its two-hundred day moving average price is $232.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping the consensus estimate of $2.35 by $4.95. The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company's quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.84 earnings per share. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Wells Fargo & Company upped their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a "buy (b)" rating on shares of Cheniere Energy in a research note on Wednesday. Finally, Barclays reaffirmed an "overweight" rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of "Buy" and an average target price of $263.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.