Oak Grove Capital LLC Makes New $1.73 Million Investment in Cheniere Energy, Inc. $LNG

Oak Grove Capital LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNGFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,350 shares of the energy company’s stock, valued at approximately $1,727,000.

Other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in shares of Cheniere Energy in the 3rd quarter valued at approximately $25,000. Westside Investment Management Inc. boosted its position in shares of Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after buying an additional 90 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Cheniere Energy during the second quarter valued at $34,000. Finally, Armstrong Advisory Group Inc. lifted its stake in Cheniere Energy by 47.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after acquiring an additional 50 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Shares of LNG opened at $248.53 on Tuesday. The company has a market capitalization of $53.49 billion, a PE ratio of 10.23 and a beta of 0.27. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $252.50. The company’s fifty day moving average price is $208.54 and its 200 day moving average price is $216.35.

Cheniere Energy (NYSE:LNGGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The energy company reported $10.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $6.78. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.48 billion. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The firm’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business posted $4.33 earnings per share. As a group, analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy declared that its board has approved a stock buyback plan on Thursday, February 26th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the energy company to purchase up to 21.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, February 6th. Cheniere Energy’s payout ratio is currently 9.14%.

Trending Headlines about Cheniere Energy

Here are the key news stories impacting Cheniere Energy this week:

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup lowered their target price on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. TD Cowen raised their price target on shares of Cheniere Energy from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group reiterated a “buy” rating and issued a $275.00 price objective on shares of Cheniere Energy in a research note on Monday, November 3rd. Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a $254.00 price target on shares of Cheniere Energy in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $262.50.

Get Our Latest Stock Report on Cheniere Energy

About Cheniere Energy

(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.

Recommended Stories

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNGFree Report).

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

Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.