Crossmark Global Holdings Inc. Sells 465 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Crossmark Global Holdings Inc. lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,676 shares of the energy company’s stock after selling 465 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Cheniere Energy were worth $360,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in shares of Cheniere Energy in the second quarter worth $210,000. Marshall Wace LLP increased its holdings in Cheniere Energy by 35.0% in the 2nd quarter. Marshall Wace LLP now owns 63,609 shares of the energy company’s stock valued at $11,121,000 after acquiring an additional 16,499 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Cheniere Energy in the 2nd quarter worth $524,000. Kathmere Capital Management LLC bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $214,000. Finally, Creative Planning purchased a new position in shares of Cheniere Energy during the second quarter valued at about $276,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $231.73 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market capitalization of $51.99 billion, a P/E ratio of 14.80 and a beta of 0.99. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The company’s 50-day moving average is $222.57 and its 200 day moving average is $197.77.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the business posted $2.37 earnings per share. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Research analysts forecast that Cheniere Energy, Inc. will post 12.67 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LNG shares. The Goldman Sachs Group increased their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Scotiabank increased their target price on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. TD Cowen boosted their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays upped their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

About Cheniere Energy

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.