Traders Sell Shares of Cheniere Energy (LNG) on Strength (LNG)

Traders sold shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) on strength during trading hours on Wednesday. $29.99 million flowed into the stock on the tick-up and $50.93 million flowed out of the stock on the tick-down, for a money net flow of $20.94 million out of the stock. Of all stocks tracked, Cheniere Energy had the 33rd highest net out-flow for the day. Cheniere Energy traded up $0.98 for the day and closed at $58.52

A number of equities analysts recently issued reports on LNG shares. Zacks Investment Research raised Cheniere Energy from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. TheStreet raised Cheniere Energy from a “d+” rating to a “c” rating in a report on Wednesday, February 21st. Sanford C. Bernstein raised Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $63.00 price objective on the stock in a report on Monday, March 26th. Citigroup lowered their price objective on Cheniere Energy from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Cheniere Energy in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Cheniere Energy presently has an average rating of “Buy” and an average target price of $59.50.

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Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.19. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. Cheniere Energy’s revenue was up 205.2% on a year-over-year basis.

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Cheniere Energy by 188.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,451,732 shares of the energy company’s stock worth $185,841,000 after purchasing an additional 2,255,582 shares during the last quarter. Rare Infrastructure Ltd raised its position in shares of Cheniere Energy by 26.5% during the 4th quarter. Rare Infrastructure Ltd now owns 2,147,625 shares of the energy company’s stock worth $115,629,000 after purchasing an additional 450,393 shares during the last quarter. Anchor Bolt Capital LP raised its position in shares of Cheniere Energy by 13.7% during the 4th quarter. Anchor Bolt Capital LP now owns 1,848,273 shares of the energy company’s stock worth $99,511,000 after purchasing an additional 222,771 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Cheniere Energy by 179.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,173,500 shares of the energy company’s stock worth $63,181,000 after purchasing an additional 753,900 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $32,947,000.

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Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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