Oppenheimer Asset Management Inc. Decreases Holdings in Cheniere Energy, Inc. (LNG)

Oppenheimer Asset Management Inc. reduced its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 43.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,474 shares of the energy company’s stock after selling 4,882 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Cheniere Energy were worth $383,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fiduciary Trust Co. raised its holdings in shares of Cheniere Energy by 5.3% during the fourth quarter. Fiduciary Trust Co. now owns 4,000 shares of the energy company’s stock valued at $237,000 after buying an additional 200 shares during the last quarter. Pillar Pacific Capital Management LLC raised its holdings in shares of Cheniere Energy by 0.3% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 70,998 shares of the energy company’s stock valued at $4,202,000 after buying an additional 225 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Cheniere Energy by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 27,283 shares of the energy company’s stock valued at $1,614,000 after buying an additional 289 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Cheniere Energy by 6.6% during the fourth quarter. IFM Investors Pty Ltd now owns 12,747 shares of the energy company’s stock valued at $754,000 after buying an additional 786 shares during the last quarter. Finally, Stokes Capital Advisors LLC raised its holdings in shares of Cheniere Energy by 5.5% during the fourth quarter. Stokes Capital Advisors LLC now owns 16,785 shares of the energy company’s stock valued at $994,000 after buying an additional 870 shares during the last quarter.

In other Cheniere Energy news, Director Vicky A. Bailey sold 2,567 shares of Cheniere Energy stock in a transaction that occurred on Wednesday, December 26th. The shares were sold at an average price of $55.90, for a total value of $143,495.30. Following the transaction, the director now owns 37,273 shares in the company, valued at $2,083,560.70. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Cheniere Energy stock opened at $65.85 on Thursday. Cheniere Energy, Inc. has a 1 year low of $50.08 and a 1 year high of $71.03.

Several brokerages recently commented on LNG. Scotiabank began coverage on Cheniere Energy in a report on Friday, February 8th. They set an “outperform” rating on the stock. Guggenheim reissued a “buy” rating and set a $85.00 target price on shares of Cheniere Energy in a report on Tuesday, December 4th. Citigroup dropped their target price on Cheniere Energy from $73.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. UBS Group began coverage on Cheniere Energy in a report on Thursday, January 3rd. They set a “buy” rating and a $72.00 target price on the stock. Finally, Goldman Sachs Group raised Cheniere Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.08.

TRADEMARK VIOLATION WARNING: “Oppenheimer Asset Management Inc. Decreases Holdings in Cheniere Energy, Inc. (LNG)” was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.chaffeybreeze.com/2019/02/14/oppenheimer-asset-management-inc-decreases-holdings-in-cheniere-energy-inc-lng.html.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

Recommended Story: Price-Sales Ratio

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSEAMERICAN:LNG).

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

Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply