Ruffer LLP Invests $9.67 Million in Cheniere Energy, Inc. (NYSE:LNG)

Ruffer LLP purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 41,799 shares of the energy company's stock, valued at approximately $9,672,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sfmg LLC boosted its position in shares of Cheniere Energy by 5.3% in the first quarter. Sfmg LLC now owns 2,704 shares of the energy company's stock worth $626,000 after acquiring an additional 137 shares during the last quarter. Raiffeisen Bank International AG boosted its position in shares of Cheniere Energy by 67.6% in the first quarter. Raiffeisen Bank International AG now owns 21,863 shares of the energy company's stock worth $4,948,000 after acquiring an additional 8,817 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Cheniere Energy by 2.7% in the first quarter. Blair William & Co. IL now owns 50,746 shares of the energy company's stock worth $11,743,000 after acquiring an additional 1,320 shares during the last quarter. Argent Trust Co boosted its position in shares of Cheniere Energy by 1.1% in the first quarter. Argent Trust Co now owns 9,882 shares of the energy company's stock worth $2,287,000 after acquiring an additional 111 shares during the last quarter. Finally, L & S Advisors Inc boosted its position in shares of Cheniere Energy by 53.9% in the first quarter. L & S Advisors Inc now owns 23,885 shares of the energy company's stock worth $5,527,000 after acquiring an additional 8,369 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 1.1%

LNG opened at $238.39 on Monday. The firm has a market capitalization of $52.87 billion, a P/E ratio of 17.44 and a beta of 0.43. The firm's 50 day moving average is $235.42 and its 200-day moving average is $229.05. Cheniere Energy, Inc. has a 52-week low of $167.66 and a 52-week high of $257.65. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24.

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

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, August 8th. Cheniere Energy's payout ratio is 14.63%.

Analyst Upgrades and Downgrades

LNG has been the topic of several research reports. Bank of America raised their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Barclays restated an "overweight" rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Finally, Cowen restated a "buy" rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $260.36.

Insider Activity

In related news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction on 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 owned 29,733 shares in the company, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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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