Cheniere Energy, Inc. (LNG) Position Held by Bp Plc
Bp Plc held its stake in Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,000 shares of the energy company’s stock at the end of the second quarter. Bp Plc’s holdings in Cheniere Energy were worth $1,461,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in LNG. Van ECK Associates Corp raised its stake in Cheniere Energy by 21.9% in the first quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock worth $126,000 after buying an additional 480 shares during the period. State of Alaska Department of Revenue acquired a new stake in Cheniere Energy during the first quarter worth $142,000. Advisory Services Network LLC acquired a new stake in Cheniere Energy during the first quarter worth $155,000. Toronto Dominion Bank raised its stake in Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock worth $174,000 after buying an additional 449 shares during the period. Finally, Regentatlantic Capital LLC acquired a new stake in Cheniere Energy during the first quarter worth $201,000.
Shares of Cheniere Energy, Inc. (NYSE LNG) opened at 42.59 on Friday. The stock’s market capitalization is $9.90 billion. The firm’s 50 day moving average is $46.19 and its 200 day moving average is $47.03. Cheniere Energy, Inc. has a 52-week low of $35.07 and a 52-week high of $51.41.
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A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Barclays PLC upped their price objective on shares of Cheniere Energy from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $58.00 price objective (up from $55.00) on shares of Cheniere Energy in a research note on Saturday, April 22nd. BidaskClub lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley lowered shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $54.08.
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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