Burleson & Company LLC Acquires Shares of 1,000 Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Burleson & Company LLC bought a new position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the energy company’s stock, valued at approximately $72,000.

A number of other large investors have also bought and sold shares of LNG. Huntington National Bank acquired a new stake in Cheniere Energy during the first quarter worth approximately $30,000. Sandy Spring Bank lifted its position in Cheniere Energy by 186.7% in the first quarter. Sandy Spring Bank now owns 430 shares of the energy company’s stock valued at $31,000 after acquiring an additional 280 shares during the last quarter. Cumberland Partners Ltd acquired a new position in Cheniere Energy in the fourth quarter valued at $32,000. Ellevest Inc. grew its holdings in shares of Cheniere Energy by 85.9% during the first quarter. Ellevest Inc. now owns 513 shares of the energy company’s stock worth $37,000 after purchasing an additional 237 shares during the last quarter. Finally, Arlington Partners LLC acquired a new stake in shares of Cheniere Energy during the first quarter worth about $45,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

LNG has been the subject of several research reports. Barclays upped their price target on shares of Cheniere Energy from $80.00 to $104.00 and gave the company an “overweight” rating in a research report on Tuesday, May 18th. Raymond James increased their target price on shares of Cheniere Energy from $83.00 to $87.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 15th. Finally, Wells Fargo & Company boosted their price target on Cheniere Energy from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, May 13th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $81.00.

Shares of NYSEAMERICAN LNG opened at $88.00 on Friday. The firm has a market capitalization of $22.31 billion, a PE ratio of -303.44, a price-to-earnings-growth ratio of 0.66 and a beta of 1.62. Cheniere Energy, Inc. has a 52 week low of $43.51 and a 52 week high of $90.00. The company has a 50-day moving average of $59.09. The company has a debt-to-equity ratio of 11.25, a current ratio of 1.13 and a quick ratio of 1.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Monday, May 3rd. The energy company reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.69. Cheniere Energy had a positive return on equity of 23.00% and a negative net margin of 0.69%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Research analysts forecast that Cheniere Energy, Inc. will post 3.83 earnings per share for the current fiscal year.

In related news, Director David B. Kilpatrick sold 4,397 shares of the business’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $75.50, for a total value of $331,973.50. Following the sale, the director now directly owns 9,938 shares in the company, valued at approximately $750,319. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is currently owned by insiders.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, 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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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