Cheniere Energy, Inc. (LNG) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 899.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,050,944 shares of the energy company’s stock after purchasing an additional 945,777 shares during the quarter. Point72 Asset Management L.P. owned about 0.44% of Cheniere Energy worth $47,335,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Kensico Capital Management Corp raised its stake in shares of Cheniere Energy by 8.7% in the third quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after purchasing an additional 973,400 shares during the last quarter. Janus Henderson Group PLC raised its position in Cheniere Energy by 44.4% during the third quarter. Janus Henderson Group PLC now owns 61,224 shares of the energy company’s stock valued at $2,760,000 after acquiring an additional 18,835 shares in the last quarter. Cohen & Steers Inc. raised its position in Cheniere Energy by 92.1% during the third quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock valued at $119,600,000 after acquiring an additional 1,273,441 shares in the last quarter. Anchor Bolt Capital LP raised its position in Cheniere Energy by 46.9% during the third quarter. Anchor Bolt Capital LP now owns 1,625,502 shares of the energy company’s stock valued at $73,213,000 after acquiring an additional 518,592 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Cheniere Energy by 1.2% during the third quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock valued at $16,582,000 after acquiring an additional 4,247 shares in the last quarter.

In other news, Director David B. Kilpatrick sold 20,000 shares of Cheniere Energy stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the sale, the director now directly owns 2,464 shares of the company’s stock, valued at $121,105.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LNG has been the subject of several recent research reports. BidaskClub cut Cheniere Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. ValuEngine cut Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BMO Capital Markets initiated coverage on Cheniere Energy in a research report on Monday, September 25th. They set an “outperform” rating and a $60.00 price target for the company. Scotiabank reiterated a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a research report on Wednesday, October 25th. Finally, J P Morgan Chase & Co dropped their price objective on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $53.50.

Shares of Cheniere Energy, Inc. (LNG) traded up $0.30 during trading hours on Tuesday, hitting $47.70. The stock had a trading volume of 2,079,400 shares, compared to its average volume of 1,965,964. Cheniere Energy, Inc. has a 12-month low of $40.36 and a 12-month high of $51.51.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Cheniere Energy’s revenue was up 201.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.41) earnings per share.

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About Cheniere Energy

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.

Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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