Cheniere Energy Target of Unusually Large Options Trading (LNG)

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Cheniere Energy, Inc. (NYSEAMERICAN:LNG) was the target of unusually large options trading activity on Monday. Investors bought 22,308 put options on the stock. This represents an increase of approximately 2,098% compared to the typical daily volume of 1,015 put options.

Shares of NYSEAMERICAN LNG opened at $66.46 on Tuesday. Cheniere Energy has a 12-month low of $55.09 and a 12-month high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings results on Tuesday, February 26th. The energy company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $1.77 billion. The company’s revenue was up 36.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc grew its stake in Cheniere Energy by 4.8% in the 3rd quarter. Vanguard Group Inc now owns 19,315,695 shares of the energy company’s stock worth $1,342,247,000 after acquiring an additional 890,140 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in Cheniere Energy by 2.7% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,570,124 shares of the energy company’s stock worth $448,076,000 after acquiring an additional 201,977 shares in the last quarter. Harvest Fund Advisors LLC grew its stake in Cheniere Energy by 7.7% in the 4th quarter. Harvest Fund Advisors LLC now owns 4,413,056 shares of the energy company’s stock worth $261,209,000 after acquiring an additional 317,350 shares in the last quarter. American Century Companies Inc. grew its stake in Cheniere Energy by 47.3% in the 4th quarter. American Century Companies Inc. now owns 2,724,014 shares of the energy company’s stock worth $161,234,000 after acquiring an additional 874,821 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in Cheniere Energy by 13.1% in the 3rd quarter. Cohen & Steers Inc. now owns 2,509,254 shares of the energy company’s stock worth $174,368,000 after acquiring an additional 291,502 shares in the last quarter.

Several analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of Cheniere Energy in a research report on Tuesday, March 12th. They set an “outperform” rating on the stock. Goldman Sachs Group upgraded shares of Cheniere Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. Scotiabank assumed coverage on shares of Cheniere Energy in a research report on Friday, February 8th. They set an “outperform” rating on the stock. Finally, UBS Group assumed coverage on shares of Cheniere Energy in a research report on Thursday, January 3rd. They set a “buy” rating and a $72.00 target price on the stock. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Cheniere Energy currently has a consensus rating of “Buy” and a consensus target price of $77.17.

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About Cheniere Energy

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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