Cheniere Energy, Inc. (NYSE:LNG) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 13,526,494 shares, a growth of 7.7% from the August 15th total of 12,561,988 shares. Approximately 5.8% of the company’s shares are short sold. Based on an average trading volume of 1,727,337 shares, the short-interest ratio is presently 7.8 days.
Shares of Cheniere Energy (LNG) traded down 0.71% during trading on Tuesday, reaching $42.19. 1,827,936 shares of the company traded hands. The stock’s 50 day moving average price is $43.14 and its 200-day moving average price is $46.17. The stock’s market cap is $9.81 billion. Cheniere Energy has a 12 month low of $35.07 and a 12 month high of $51.41.
A number of research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, July 4th. Scotiabank set a $52.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Friday, July 21st. BidaskClub cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $54.08.
In other news, CFO Michael J. Wortley bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $41.96 per share, for a total transaction of $209,800.00. Following the completion of the purchase, the chief financial officer now owns 433,830 shares of the company’s stock, valued at $18,203,506.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jack A. Fusco bought 23,750 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was purchased at an average price of $42.32 per share, with a total value of $1,005,100.00. Following the completion of the purchase, the insider now directly owns 399,985 shares of the company’s stock, valued at approximately $16,927,365.20. The disclosure for this purchase can be found here. Insiders bought 29,750 shares of company stock valued at $1,257,000 in the last three months.
Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at approximately $121,000. Van ECK Associates Corp grew its position in shares of Cheniere Energy by 21.9% in the 1st quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock valued at $126,000 after purchasing an additional 480 shares during the period. Toronto Dominion Bank grew its position in shares of Cheniere Energy by 13.9% in the 1st quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock valued at $174,000 after purchasing an additional 449 shares during the period. Atlantic Trust LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at approximately $175,000. Finally, Fiduciary Trust Co. acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at approximately $188,000.
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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