Requisite Capital Management LLC Has $3.16 Million Stock Position in Cheniere Energy Partners (NYSE:CQP)

Requisite Capital Management LLC lessened its position in shares of Cheniere Energy Partners (NYSE:CQP) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 59,405 shares of the company’s stock after selling 2,989 shares during the quarter. Cheniere Energy Partners accounts for approximately 0.6% of Requisite Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Requisite Capital Management LLC’s holdings in Cheniere Energy Partners were worth $3,156,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings in shares of Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares in the last quarter. Charles Schwab Trust Co acquired a new position in shares of Cheniere Energy Partners during the 4th quarter valued at $212,000. JPMorgan Chase & Co. boosted its stake in Cheniere Energy Partners by 21.9% during the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after acquiring an additional 137,477 shares in the last quarter. Blankinship & Foster LLC acquired a new stake in Cheniere Energy Partners in the third quarter worth $424,000. Finally, M&T Bank Corp bought a new stake in Cheniere Energy Partners in the third quarter valued at $587,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

CQP opened at $61.91 on Friday. Cheniere Energy Partners has a fifty-two week low of $45.51 and a fifty-two week high of $63.01. The firm’s 50-day moving average is $56.50. The company has a market capitalization of $29.97 billion, a price-to-earnings ratio of 13.37 and a beta of 0.75.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.08). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts predict that Cheniere Energy Partners will post 4.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays increased their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Bank of America initiated coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.