Insider Selling: Cheniere Energy, Inc. (LNG) Director Sells 20,000 Shares of Stock

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Director Nuno Brandolini sold 20,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $50.02, for a total value of $1,000,400.00. Following the completion of the transaction, the director now owns 232,271 shares in the company, valued at $11,618,195.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) traded up $0.27 during midday trading on Friday, reaching $54.71. The company’s stock had a trading volume of 1,320,000 shares, compared to its average volume of 2,190,000. Cheniere Energy, Inc. has a 52 week low of $40.36 and a 52 week high of $56.14. The company has a market capitalization of $13,000.00, a PE ratio of -31.09 and a beta of 1.81.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. Cheniere Energy’s revenue was up 201.7% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently modified their holdings of LNG. Tower Research Capital LLC TRC bought a new stake in Cheniere Energy during the second quarter worth approximately $121,000. Van ECK Associates Corp increased its stake in Cheniere Energy by 11.7% during the second quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock worth $145,000 after acquiring an additional 312 shares during the last quarter. Atlantic Trust LLC bought a new stake in Cheniere Energy during the second quarter worth approximately $175,000. Fiduciary Trust Co. bought a new stake in Cheniere Energy during the second quarter worth approximately $188,000. Finally, Shamrock Asset Management LLC bought a new stake in Cheniere Energy during the third quarter worth approximately $196,000.

Several equities analysts have recently commented on LNG shares. Zacks Investment Research downgraded Cheniere Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus started coverage on Cheniere Energy in a research report on Thursday, January 4th. They issued a “buy” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Cowen started coverage on Cheniere Energy in a report on Friday, November 17th. They issued a “market perform” rating and a $56.00 target price on the stock. Finally, BidaskClub raised Cheniere Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $54.46.

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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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