Cheniere Energy, Inc. (NYSE:LNG) Short Interest Update

by · The Cerbat Gem

Cheniere Energy, Inc. (NYSE:LNG – Get Free Report) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 3,533,623 shares, a decrease of 26.0% from the December 15th total of 4,773,211 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily volume of 1,804,369 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 1,804,369 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.6% of the company’s shares are sold short.

Insider Buying and Selling

In related news, Director W Benjamin Moreland acquired 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the transaction, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Cheniere Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $957,425,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $384,806,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Cheniere Energy by 704.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 952,092 shares of the energy company’s stock worth $231,853,000 after purchasing an additional 833,723 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $142,688,000. Finally, Holocene Advisors LP bought a new position in shares of Cheniere Energy in the second quarter valued at about $107,319,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 1.8%

Shares of Cheniere Energy stock traded up $3.71 on Friday, hitting $206.45. 2,110,151 shares of the company traded hands, compared to its average volume of 1,584,142. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The company has a market cap of $44.44 billion, a PE ratio of 11.50, a PEG ratio of 6.51 and a beta of 0.26. The company has a 50-day moving average price of $200.19 and a 200 day moving average price of $220.33. Cheniere Energy has a 12-month low of $186.20 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG – Get Free Report) last announced its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $2.75 by $2.00. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.93 EPS. Sell-side analysts predict that Cheniere Energy will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, November 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is 12.37%.

Wall Street Analyst Weigh In

A number of research firms have commented on LNG. Citigroup reduced their target price on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Barclays decreased their price objective on shares of Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a report on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. Finally, Wells Fargo & Company decreased their price target on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $265.59.

Check Out Our Latest Report on LNG

About Cheniere Energy

(Get Free Report)

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.

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