Roosevelt Investment Group Inc. held its position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,960 shares of the energy company’s stock at the close of the second quarter. Roosevelt Investment Group Inc.’s holdings in Cheniere Energy were worth $534,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in Cheniere Energy by 21.9% in the first quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock worth $126,000 after acquiring an additional 480 shares in the last quarter. Toronto Dominion Bank raised its position in Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock worth $174,000 after acquiring an additional 449 shares in the last quarter. Fiduciary Trust Co. purchased a new position in Cheniere Energy in the second quarter worth $188,000. Greenwood Capital Associates LLC purchased a new position in Cheniere Energy in the second quarter worth $210,000. Finally, US Bancorp DE raised its position in Cheniere Energy by 37.4% in the first quarter. US Bancorp DE now owns 4,626 shares of the energy company’s stock worth $219,000 after acquiring an additional 1,258 shares in the last quarter.
Several research firms have issued reports on LNG. BidaskClub cut Cheniere Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Morgan Stanley cut Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a research report on Tuesday, June 13th. ValuEngine cut Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Scotiabank set a $52.00 price objective on Cheniere Energy and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, July 4th. 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.08.
In other news, insider Jack A. Fusco acquired 23,750 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were bought at an average price of $42.32 per share, with a total value of $1,005,100.00. Following the purchase, the insider now owns 399,985 shares of the company’s stock, valued at $16,927,365.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Sean N. Markowitz acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $42.10 per share, for a total transaction of $42,100.00. Following the purchase, the general counsel now directly owns 10,022 shares in the company, valued at approximately $421,926.20. The disclosure for this purchase can be found here. Insiders bought a total of 29,750 shares of company stock worth $1,257,000 in the last three months.
Cheniere Energy, Inc. (LNG) traded down 0.14% during mid-day trading on Tuesday, reaching $42.43. The company’s stock had a trading volume of 785,455 shares. The firm has a 50 day moving average price of $43.16 and a 200-day moving average price of $46.20. Cheniere Energy, Inc. has a 1-year low of $35.07 and a 1-year high of $51.41. The company’s market capitalization is $9.86 billion.
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Cheniere Energy Company Profile
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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