Oppenheimer Asset Management Inc. Has $2.12 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 10.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,178 shares of the energy company's stock after selling 1,107 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Cheniere Energy were worth $2,124,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Ausbil Investment Management Ltd grew its holdings in shares of Cheniere Energy by 20.8% in the 1st quarter. Ausbil Investment Management Ltd now owns 27,216 shares of the energy company's stock valued at $6,298,000 after buying an additional 4,678 shares during the period. Continuum Advisory LLC grew its holdings in shares of Cheniere Energy by 17.7% in the 1st quarter. Continuum Advisory LLC now owns 15,201 shares of the energy company's stock valued at $3,518,000 after buying an additional 2,284 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Cheniere Energy by 47.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,017 shares of the energy company's stock worth $9,028,000 after purchasing an additional 12,539 shares during the period. Ergawealth Advisors Inc. acquired a new position in Cheniere Energy in the 1st quarter worth $200,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Cheniere Energy in the 1st quarter worth $1,503,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $242.05 on Friday. The firm's 50-day moving average price is $234.47 and its 200-day moving average price is $226.11. Cheniere Energy, Inc. has a 1-year low of $167.66 and a 1-year high of $257.65. The firm has a market capitalization of $53.68 billion, a P/E ratio of 17.71, a P/E/G ratio of 4.93 and a beta of 0.43. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The company's revenue was up 28.0% on a year-over-year basis. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.83%. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LNG shares. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. TD Cowen upped their target price on shares of Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the stock a "buy" rating in a research note on Thursday. Finally, Mizuho upped their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $258.36.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the sale, the director now owns 29,733 shares in the company, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company's stock.

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.

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