Oxford Wealth Group LLC Purchases New Stake in Cheniere Energy, Inc. (NYSE:LNG)

Oxford Wealth Group LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 1st quarter, Holdings Channel.com reports. The fund purchased 5,908 shares of the energy company’s stock, valued at approximately $953,000.

Other hedge funds have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its stake in shares of Cheniere Energy by 103.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 46,060 shares of the energy company’s stock valued at $7,429,000 after purchasing an additional 23,414 shares during the period. BROOKFIELD Corp ON raised its stake in shares of Cheniere Energy by 30.4% during the first quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock valued at $256,969,000 after purchasing an additional 371,061 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $818,000. Lavaca Capital LLC raised its stake in shares of Cheniere Energy by 14.1% during the first quarter. Lavaca Capital LLC now owns 2,053 shares of the energy company’s stock valued at $331,000 after purchasing an additional 253 shares during the period. Finally, Energy Income Partners LLC raised its stake in shares of Cheniere Energy by 8.0% during the first quarter. Energy Income Partners LLC now owns 401,587 shares of the energy company’s stock valued at $64,768,000 after purchasing an additional 29,665 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Stifel Nicolaus raised their price target on shares of Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. UBS Group decreased their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, Redburn Atlantic started coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target for the company. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.09.

Cheniere Energy Trading Up 2.4 %

Cheniere Energy stock traded up $4.20 during mid-day trading on Tuesday, reaching $181.88. The company’s stock had a trading volume of 2,222,673 shares, compared to its average volume of 1,900,212. The company has a market capitalization of $41.63 billion, a price-to-earnings ratio of 8.86 and a beta of 0.96. The firm’s 50 day moving average is $168.03. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $184.62.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The business’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.89 EPS. On average, equities analysts expect that Cheniere Energy, Inc. will post 8.29 EPS for the current fiscal year.

Cheniere Energy declared that its Board of Directors has initiated a stock repurchase plan on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to buy up to 9.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, August 9th. Cheniere Energy’s dividend payout ratio (DPR) is 8.48%.

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.