Oxbow Advisors LLC Purchases 947 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Oxbow Advisors LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,366 shares of the energy company’s stock after acquiring an additional 947 shares during the period. Oxbow Advisors LLC’s holdings in Cheniere Energy were worth $4,382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Octavia Wealth Advisors LLC grew its stake in shares of Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after purchasing an additional 54 shares during the period. Signature Wealth Management Group increased its position in shares of Cheniere Energy by 1.4% during the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after purchasing an additional 66 shares in the last quarter. Sapient Capital LLC lifted its holdings in Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock valued at $1,351,000 after purchasing an additional 67 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Cheniere Energy by 57.6% in the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after buying an additional 68 shares in the last quarter. Finally, Accordant Advisory Group Inc grew its stake in Cheniere Energy by 0.4% during the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock worth $3,389,000 after buying an additional 76 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 2.1 %

LNG traded up $4.17 during mid-day trading on Friday, hitting $205.67. The stock had a trading volume of 2,087,452 shares, compared to its average volume of 1,775,426. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.93. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $206.18. The stock’s fifty day simple moving average is $184.62 and its 200-day simple moving average is $174.57. The firm has a market capitalization of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. As a group, research analysts forecast that Cheniere Energy, Inc. will post 10.56 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 11.11%.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent analyst reports. Barclays boosted their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. TD Cowen increased their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Stifel Nicolaus decreased their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Royal Bank of Canada raised their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.89.

Cheniere Energy Company Profile

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.