Oliver Luxxe Assets LLC Takes $4.62 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Oliver Luxxe Assets LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,490 shares of the energy company's stock, valued at approximately $4,618,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Octavia Wealth Advisors LLC boosted its holdings in Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock worth $269,000 after acquiring an additional 54 shares in the last quarter. MAI Capital Management raised its stake in Cheniere Energy by 1.5% in the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company's stock worth $756,000 after acquiring an additional 62 shares during the last quarter. Sapient Capital LLC lifted its position in Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock worth $1,351,000 after acquiring an additional 67 shares during the period. Quarry LP raised its stake in shares of Cheniere Energy by 7.6% in the third quarter. Quarry LP now owns 1,057 shares of the energy company's stock worth $190,000 after purchasing an additional 75 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Cheniere Energy by 2.4% during the third quarter. CWM LLC now owns 3,238 shares of the energy company's stock worth $582,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Up 0.5 %

Shares of LNG stock traded up $1.18 on Monday, hitting $223.66. 1,458,236 shares of the stock traded hands, compared to its average volume of 1,667,935. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10. The firm's 50-day moving average price is $211.08 and its two-hundred day moving average price is $191.10. The stock has a market capitalization of $50.18 billion, a PE ratio of 14.28 and a beta of 0.99.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. During the same quarter in the prior year, the company posted $2.37 EPS. The business's revenue for the quarter was down 9.5% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio is presently 12.77%.

Analysts Set New Price Targets

Several brokerages recently weighed in on LNG. Barclays increased their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. TD Cowen raised their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective on the stock. Finally, UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $225.00.

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.