U S Global Investors Inc. Acquires 1,000 Shares of Cheniere Energy, Inc. $LNG

U S Global Investors Inc. grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 20.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,000 shares of the energy company’s stock after purchasing an additional 1,000 shares during the quarter. U S Global Investors Inc.’s holdings in Cheniere Energy were worth $1,461,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Cheniere Energy in the 4th quarter worth approximately $335,000. Farther Finance Advisors LLC grew its position in shares of Cheniere Energy by 28.9% in the 1st quarter. Farther Finance Advisors LLC now owns 759 shares of the energy company’s stock worth $175,000 after buying an additional 170 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Cheniere Energy in the 1st quarter worth approximately $1,053,000. Yousif Capital Management LLC grew its position in shares of Cheniere Energy by 5.2% in the 1st quarter. Yousif Capital Management LLC now owns 4,170 shares of the energy company’s stock worth $965,000 after buying an additional 208 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Cheniere Energy by 9.5% in the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company’s stock worth $342,000 after buying an additional 128 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LNG. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Mizuho lifted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. TD Cowen lifted their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, Barclays reissued an “overweight” rating and set a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $263.60.

Cheniere Energy Stock Down 1.7%

NYSE:LNG opened at $227.56 on Friday. The company has a market cap of $50.01 billion, a PE ratio of 13.28 and a beta of 0.37. Cheniere Energy, Inc. has a twelve month low of $180.62 and a twelve month high of $257.65. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The company’s 50 day moving average is $235.33 and its two-hundred day moving average is $232.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating the consensus estimate of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.84 EPS. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

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.