Sourcerock Group LLC Reduces Position in Cheniere Energy, Inc. (NYSE:LNG)

Sourcerock Group LLC decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,050 shares of the energy company's stock after selling 58,272 shares during the period. Cheniere Energy comprises 1.5% of Sourcerock Group LLC's investment portfolio, making the stock its 15th biggest position. Sourcerock Group LLC's holdings in Cheniere Energy were worth $20,853,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Twinbeech Capital LP purchased a new stake in Cheniere Energy during the 4th quarter worth about $32,457,000. Two Sigma Advisers LP increased its holdings in Cheniere Energy by 84.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock worth $354,858,000 after purchasing an additional 756,900 shares during the period. Two Sigma Investments LP increased its holdings in Cheniere Energy by 31.6% during the 4th quarter. Two Sigma Investments LP now owns 1,080,666 shares of the energy company's stock worth $232,203,000 after purchasing an additional 259,565 shares during the period. Texas Bank & Trust Co purchased a new stake in Cheniere Energy during the 4th quarter worth about $335,000. Finally, Tidal Investments LLC increased its holdings in Cheniere Energy by 1.2% during the 4th quarter. Tidal Investments LLC now owns 15,082 shares of the energy company's stock worth $3,241,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares of the company's stock, valued at $7,448,852.34. This trade represents a 20.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LNG. UBS Group reiterated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Scotiabank dropped their price target on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Argus began coverage on Cheniere Energy in a research note on Tuesday, March 18th. They set a "buy" rating and a $255.00 price target on the stock. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, Bank of America raised their price target on Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $252.23.

Cheniere Energy Price Performance

Shares of LNG traded down $1.04 during mid-day trading on Thursday, hitting $228.27. The company's stock had a trading volume of 1,505,981 shares, compared to its average volume of 1,864,867. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a 50-day simple moving average of $227.57 and a 200 day simple moving average of $222.40. The firm has a market capitalization of $50.63 billion, a P/E ratio of 16.04 and a beta of 0.41. Cheniere Energy, Inc. has a 1-year low of $153.03 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 earnings per share. Analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were issued a $0.50 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy's dividend payout ratio is currently 14.63%.

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.