20,755 Shares in Cheniere Energy, Inc. (NYSE:LNG) Purchased by Seven Eight Capital LP

Seven Eight Capital LP bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, Holdings Channel reports. The firm bought 20,755 shares of the energy company’s stock, valued at approximately $3,629,000.

A number of other large investors have also recently modified their holdings of the company. MCF Advisors LLC bought a new position in Cheniere Energy in the second quarter worth approximately $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy during the 2nd quarter worth about $27,000. Crewe Advisors LLC acquired a new stake in Cheniere Energy during the 1st quarter worth about $26,000. Cooksen Wealth LLC acquired a new stake in Cheniere Energy during the 4th quarter worth about $28,000. Finally, Riverview Trust Co acquired a new stake in shares of Cheniere Energy during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $180.80 on Wednesday. The business’s fifty day moving average price is $180.48 and its 200 day moving average price is $167.32. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The stock has a market capitalization of $41.39 billion, a P/E ratio of 8.81 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the previous year, the company earned $5.61 earnings per share. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy announced that its Board of Directors has authorized a share buyback program on Monday, June 17th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the energy company to purchase up to 9.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LNG shares. TD Cowen lifted their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Barclays lifted their target price on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus cut their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $196.25.

About Cheniere Energy

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.