Cullen Frost Bankers Inc. Has $121,000 Stock Position in Cheniere Energy, Inc. $LNG

Cullen Frost Bankers Inc. cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 52.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 497 shares of the energy company’s stock after selling 558 shares during the period. Cullen Frost Bankers Inc.’s holdings in Cheniere Energy were worth $121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LNG. Brighton Jones LLC bought a new stake in shares of Cheniere Energy during the fourth quarter worth about $335,000. GAMMA Investing LLC increased its position in shares of Cheniere Energy by 9.5% during the first quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company’s stock worth $342,000 after acquiring an additional 128 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Cheniere Energy by 114.5% during the first quarter. Golden State Wealth Management LLC now owns 860 shares of the energy company’s stock worth $199,000 after acquiring an additional 459 shares in the last quarter. PDS Planning Inc increased its position in shares of Cheniere Energy by 5.8% during the first quarter. PDS Planning Inc now owns 1,406 shares of the energy company’s stock worth $325,000 after acquiring an additional 77 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its position in shares of Cheniere Energy by 12.6% during the first quarter. Jaffetilchin Investment Partners LLC now owns 1,450 shares of the energy company’s stock worth $336,000 after acquiring an additional 162 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

LNG stock opened at $219.55 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 52 week low of $181.59 and a 52 week high of $257.65. The firm’s fifty day moving average is $233.11 and its 200 day moving average is $233.29. The firm has a market cap of $48.25 billion, a P/E ratio of 12.82 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.84 EPS. Research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research note on Friday. Raymond James Financial restated a “strong-buy” rating and set a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a research note on Friday. Barclays restated an “overweight” rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Mizuho upped their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $267.67.

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.