Cheniere Energy, Inc. (NYSE:LNG) Stock Position Raised by Yost Capital Management LP

Yost Capital Management LP boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,750 shares of the energy company’s stock after acquiring an additional 9,000 shares during the quarter. Cheniere Energy accounts for approximately 11.0% of Yost Capital Management LP’s investment portfolio, making the stock its 3rd biggest position. Yost Capital Management LP’s holdings in Cheniere Energy were worth $6,600,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC boosted its position in Cheniere Energy by 11.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,836 shares of the energy company’s stock valued at $313,000 after buying an additional 193 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Cheniere Energy in the fourth quarter valued at $852,000. PNC Financial Services Group Inc. grew its stake in Cheniere Energy by 2.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,866 shares of the energy company’s stock worth $2,196,000 after purchasing an additional 339 shares in the last quarter. Dai ichi Life Insurance Company Ltd increased its holdings in Cheniere Energy by 3.7% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 20,746 shares of the energy company’s stock worth $3,542,000 after purchasing an additional 746 shares during the period. Finally, US Bancorp DE raised its position in Cheniere Energy by 23.8% in the 4th quarter. US Bancorp DE now owns 14,804 shares of the energy company’s stock valued at $2,527,000 after purchasing an additional 2,850 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $182.24 on Friday. The stock has a market cap of $41.72 billion, a P/E ratio of 8.88 and a beta of 0.95. The stock has a 50 day moving average of $180.70 and a two-hundred day moving average of $167.52. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $1.71 by $2.13. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period last year, the company earned $5.61 earnings per share. The company’s revenue for the quarter was down 19.6% on a year-over-year basis. On average, research analysts forecast that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy declared that its board has initiated a stock repurchase program on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to purchase up to 9.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating for the company. Barclays raised their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, TD Cowen boosted their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.25.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.