Greenline Partners LLC Has $11.86 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Greenline Partners LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 4.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,533 shares of the energy company’s stock after buying an additional 2,660 shares during the period. Cheniere Energy accounts for 1.8% of Greenline Partners LLC’s portfolio, making the stock its 13th largest holding. Greenline Partners LLC’s holdings in Cheniere Energy were worth $11,862,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LNG. PNC Financial Services Group Inc. increased its holdings in Cheniere Energy by 2.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,866 shares of the energy company’s stock worth $2,196,000 after buying an additional 339 shares during the last quarter. US Bancorp DE boosted its position in Cheniere Energy by 23.8% during the fourth quarter. US Bancorp DE now owns 14,804 shares of the energy company’s stock worth $2,527,000 after purchasing an additional 2,850 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Cheniere Energy by 1.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 61,635 shares of the energy company’s stock worth $10,522,000 after purchasing an additional 1,120 shares during the period. Intech Investment Management LLC lifted its stake in shares of Cheniere Energy by 2.8% in the fourth quarter. Intech Investment Management LLC now owns 19,982 shares of the energy company’s stock worth $3,411,000 after buying an additional 549 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Cheniere Energy by 156.3% during the 4th quarter. Quarry LP now owns 305 shares of the energy company’s stock worth $52,000 after buying an additional 186 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.8 %

Shares of LNG opened at $180.66 on Friday. The stock’s 50-day moving average price is $180.76 and its 200 day moving average price is $167.80. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $41.36 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $187.44.

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

Cheniere Energy announced that its Board of Directors has approved a share buyback program on Monday, June 17th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the energy company to buy up to 9.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

LNG has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. TD Cowen lifted their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Barclays increased their target price on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, Sanford C. Bernstein assumed coverage on Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Company 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.