Yorkville Capital Management LLC Has $2.26 Million Stake in Cheniere Energy, Inc. (LNG)
Yorkville Capital Management LLC decreased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,380 shares of the energy company’s stock after selling 2,920 shares during the period. Cheniere Energy accounts for approximately 2.5% of Yorkville Capital Management LLC’s holdings, making the stock its 12th largest position. Yorkville Capital Management LLC’s holdings in Cheniere Energy were worth $2,259,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in LNG. Tower Research Capital LLC TRC bought a new position in shares of Cheniere Energy in the 2nd quarter valued at about $121,000. Van ECK Associates Corp grew its holdings in shares of Cheniere Energy by 11.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock valued at $145,000 after acquiring an additional 312 shares in the last quarter. Atlantic Trust LLC acquired a new stake in Cheniere Energy in the 2nd quarter valued at about $175,000. Fiduciary Trust Co. acquired a new stake in Cheniere Energy in the 2nd quarter valued at about $188,000. Finally, WINTON GROUP Ltd acquired a new stake in Cheniere Energy in the 2nd quarter valued at about $203,000.
Several brokerages recently issued reports on LNG. BidaskClub downgraded shares of Cheniere Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Monday, September 25th. They issued an “outperform” rating and a $60.00 target price for the company. Scotiabank set a $52.00 target price on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Friday, July 21st. ValuEngine downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Cheniere Energy presently has an average rating of “Buy” and an average target price of $54.82.
Shares of Cheniere Energy, Inc. (LNG) traded up 1.07% during midday trading on Tuesday, reaching $48.23. 657,529 shares of the company traded hands. The firm’s market capitalization is $11.21 billion. Cheniere Energy, Inc. has a 12-month low of $35.07 and a 12-month high of $51.41. The company has a 50-day moving average of $44.25 and a 200 day moving average of $45.99.
In related news, General Counsel Sean N. Markowitz bought 1,000 shares of Cheniere Energy stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $42.10 per share, with a total value of $42,100.00. Following the transaction, the general counsel now directly owns 10,022 shares of the company’s stock, valued at $421,926.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jack A. Fusco bought 23,750 shares of Cheniere Energy stock in a transaction dated 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 completion of the transaction, the insider now directly owns 399,985 shares in the company, valued at $16,927,365.20. The disclosure for this purchase can be found here. Insiders acquired a total of 29,750 shares of company stock valued at $1,257,000 over the last ninety days.
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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