Cheniere Energy, Inc. (LNG) Short Interest Down 1.5% in October

Cheniere Energy, Inc. (NYSE:LNG) saw a large drop in short interest in the month of October. As of October 13th, there was short interest totalling 15,469,413 shares, a drop of 1.5% from the September 29th total of 15,707,484 shares. Based on an average daily volume of 1,717,536 shares, the days-to-cover ratio is presently 9.0 days. Currently, 6.6% of the shares of the company are sold short.

A number of equities analysts recently commented on the company. BidaskClub cut Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Scotiabank reissued a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a report on Wednesday, October 25th. ValuEngine cut Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, BMO Capital Markets assumed coverage on Cheniere Energy in a report on Monday, September 25th. They set an “outperform” rating and a $60.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $54.82.

Shares of Cheniere Energy (NYSE LNG) opened at 45.80 on Monday. Cheniere Energy has a 12-month low of $35.07 and a 12-month high of $51.41. The company’s market capitalization is $10.65 billion. The firm’s 50-day moving average price is $45.14 and its 200-day moving average price is $45.93.

In related news, insider Jack A. Fusco bought 23,750 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average cost of $42.32 per share, with a total value of $1,005,100.00. Following the acquisition, the insider now owns 399,985 shares in the company, valued at $16,927,365.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael J. Wortley bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average cost of $41.96 per share, for a total transaction of $209,800.00. Following the completion of the acquisition, the chief financial officer now owns 433,830 shares in the company, valued at approximately $18,203,506.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 29,750 shares of company stock worth $1,257,000.

Several hedge funds have recently bought and sold shares of LNG. FMR LLC boosted its stake in shares of Cheniere Energy by 482.7% during the 2nd quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock worth $328,368,000 after acquiring an additional 5,584,446 shares in the last quarter. Steadfast Capital Management LP boosted its stake in shares of Cheniere Energy by 44.2% during the 2nd quarter. Steadfast Capital Management LP now owns 2,741,466 shares of the energy company’s stock worth $133,537,000 after acquiring an additional 839,724 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Cheniere Energy by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,633,858 shares of the energy company’s stock worth $858,946,000 after acquiring an additional 653,176 shares in the last quarter. Brookfield Asset Management Inc. raised its position in shares of Cheniere Energy by 43.3% during the 2nd quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock worth $91,253,000 after purchasing an additional 566,100 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Cheniere Energy by 110.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the energy company’s stock worth $48,710,000 after purchasing an additional 525,000 shares during the last quarter.

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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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