Parallax Volatility Advisers L.P. Purchases 23,384 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Parallax Volatility Advisers L.P. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 246.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,889 shares of the energy company’s stock after acquiring an additional 23,384 shares during the period. Parallax Volatility Advisers L.P.’s holdings in Cheniere Energy were worth $7,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in Cheniere Energy by 10.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after acquiring an additional 43 shares during the period. Flagship Harbor Advisors LLC increased its holdings in Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after acquiring an additional 46 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Cheniere Energy by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock worth $719,000 after buying an additional 55 shares in the last quarter. American Money Management LLC raised its holdings in shares of Cheniere Energy by 0.5% during the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company’s stock worth $2,361,000 after acquiring an additional 55 shares in the last quarter. Finally, Forum Financial Management LP boosted its position in shares of Cheniere Energy by 2.0% during the 4th quarter. Forum Financial Management LP now owns 2,822 shares of the energy company’s stock valued at $606,000 after acquiring an additional 56 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the transaction, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $233.23 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock’s fifty day moving average is $221.95 and its two-hundred day moving average is $216.35. Cheniere Energy, Inc. has a 52 week low of $153.03 and a 52 week high of $257.65. The company has a market capitalization of $51.97 billion, a PE ratio of 16.39 and a beta of 0.67.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. As a group, analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Analysts Set New Price Targets

LNG has been the topic of a number of recent research reports. 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. Argus initiated coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a “buy” rating and a $255.00 target price on the stock. Mizuho lifted their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Finally, Raymond James reiterated a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $245.15.

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.