Crawford Fund Management LLC Boosts Position in Cheniere Energy, Inc. (NYSE:LNG)

Crawford Fund Management LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 43.6% during the third quarter, Holdings Channel reports. The firm owned 44,156 shares of the energy company’s stock after purchasing an additional 13,406 shares during the period. Cheniere Energy comprises 1.7% of Crawford Fund Management LLC’s portfolio, making the stock its 5th largest holding. Crawford Fund Management LLC’s holdings in Cheniere Energy were worth $7,941,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC acquired a new position in shares of Cheniere Energy during the 2nd quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Lynx Investment Advisory acquired a new position in Cheniere Energy during the second quarter worth $27,000. Carolinas Wealth Consulting LLC raised its holdings in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Cheniere Energy during the third quarter worth $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on LNG shares. TD Cowen upped their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America started coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Stifel Nicolaus reduced their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Royal Bank of Canada upped their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $212.89.

Cheniere Energy Price Performance

LNG opened at $221.77 on Friday. The firm has a market cap of $49.76 billion, a P/E ratio of 14.16 and a beta of 0.94. The firm has a 50-day moving average of $195.08 and a 200 day moving average of $180.36. 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 fifty-two week low of $152.31 and a fifty-two week high of $225.44.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.37 earnings per share. On average, research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Cheniere Energy 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.