Cheniere Energy, Inc. (LNG) Director Sells $234,060.32 in Stock

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Director Heather Zichal sold 3,406 shares of the stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $68.72, for a total value of $234,060.32. Following the completion of the sale, the director now directly owns 9,958 shares of the company’s stock, valued at $684,313.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Cheniere Energy opened at $64.86 on Friday, MarketBeat reports. Cheniere Energy, Inc. has a 1 year low of $40.36 and a 1 year high of $69.50.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Thursday, May 3rd. The energy company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $1.11. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 85.1% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in the company. Amalgamated Bank increased its holdings in Cheniere Energy by 7.8% in the 1st quarter. Amalgamated Bank now owns 25,174 shares of the energy company’s stock worth $1,346,000 after acquiring an additional 1,824 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in Cheniere Energy by 1,482.7% in the 1st quarter. Summit Trail Advisors LLC now owns 12,725 shares of the energy company’s stock worth $787,000 after acquiring an additional 11,921 shares during the last quarter. WINTON GROUP Ltd increased its holdings in Cheniere Energy by 186.9% in the 1st quarter. WINTON GROUP Ltd now owns 13,693 shares of the energy company’s stock worth $731,000 after acquiring an additional 8,920 shares during the last quarter. Levin Capital Strategies L.P. increased its holdings in Cheniere Energy by 13.4% in the 1st quarter. Levin Capital Strategies L.P. now owns 53,007 shares of the energy company’s stock worth $2,833,000 after acquiring an additional 6,270 shares during the last quarter. Finally, Rational Advisors LLC purchased a new stake in Cheniere Energy in the 1st quarter worth about $1,304,000.

A number of equities research analysts recently commented on LNG shares. Citigroup lowered their price target on Cheniere Energy from $67.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday, March 27th. Bank of America increased their price target on Cheniere Energy from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 8th. Sanford C. Bernstein raised Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $63.00 price target for the company in a research report on Monday, March 26th. Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Thursday, May 17th. Finally, Cowen increased their price target on Cheniere Energy from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, May 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $63.64.

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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