Cheniere Energy, Inc. (LNG) Holdings Increased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,256 shares of the energy company’s stock after purchasing an additional 606 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Cheniere Energy were worth $451,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LNG. Steadfast Capital Management LP acquired a new stake in Cheniere Energy during the 1st quarter valued at $89,895,000. Vanguard Group Inc. raised its stake in Cheniere Energy by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 16,980,682 shares of the energy company’s stock valued at $802,676,000 after purchasing an additional 598,979 shares during the period. Neuberger Berman Group LLC raised its stake in Cheniere Energy by 26.3% during the 1st quarter. Neuberger Berman Group LLC now owns 2,873,157 shares of the energy company’s stock valued at $135,814,000 after purchasing an additional 597,984 shares during the period. Point72 Asset Management L.P. raised its stake in Cheniere Energy by 54.4% during the 1st quarter. Point72 Asset Management L.P. now owns 1,553,227 shares of the energy company’s stock valued at $73,421,000 after purchasing an additional 547,227 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in Cheniere Energy by 110.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the energy company’s stock valued at $48,710,000 after purchasing an additional 525,000 shares during the period.

LNG has been the topic of several recent analyst reports. Morgan Stanley downgraded shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research note on Tuesday, July 4th. Scotiabank set a $52.00 target price on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Friday, July 21st. BidaskClub downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Cheniere Energy has a consensus rating of “Hold” and a consensus target price of $54.08.

In related news, insider Jack A. Fusco acquired 23,750 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average cost of $42.32 per share, for a total transaction of $1,005,100.00. Following the completion of the acquisition, the insider now directly owns 399,985 shares in the company, valued at approximately $16,927,365.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Sean N. Markowitz acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $42.10 per share, for a total transaction of $42,100.00. Following the completion of the acquisition, the general counsel now owns 10,022 shares of the company’s stock, valued at $421,926.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 29,750 shares of company stock worth $1,257,000.

Cheniere Energy, Inc. (LNG) opened at 43.62 on Friday. Cheniere Energy, Inc. has a 12-month low of $35.07 and a 12-month high of $51.41. The stock’s market capitalization is $10.14 billion. The stock’s 50 day moving average is $42.81 and its 200 day moving average is $46.05.

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About Cheniere Energy

Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.

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

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