Oakmont Corp Sells 26,800 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Share on StockTwits

Oakmont Corp lessened its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 644,296 shares of the energy company’s stock after selling 26,800 shares during the quarter. Cheniere Energy comprises about 6.7% of Oakmont Corp’s investment portfolio, making the stock its 7th biggest holding. Oakmont Corp owned 0.25% of Cheniere Energy worth $44,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Morse Asset Management Inc grew its position in Cheniere Energy by 23.2% in the second quarter. Morse Asset Management Inc now owns 26,518 shares of the energy company’s stock worth $1,815,000 after buying an additional 4,995 shares during the last quarter. Keybank National Association OH grew its position in Cheniere Energy by 21.0% in the second quarter. Keybank National Association OH now owns 4,041 shares of the energy company’s stock worth $277,000 after buying an additional 700 shares during the last quarter. Stevens Capital Management LP grew its position in Cheniere Energy by 178.3% in the second quarter. Stevens Capital Management LP now owns 23,262 shares of the energy company’s stock worth $1,592,000 after buying an additional 14,902 shares during the last quarter. United Asset Strategies Inc. grew its position in Cheniere Energy by 0.9% in the second quarter. United Asset Strategies Inc. now owns 65,185 shares of the energy company’s stock worth $4,462,000 after buying an additional 575 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its position in Cheniere Energy by 0.4% in the second quarter. Royal London Asset Management Ltd. now owns 90,345 shares of the energy company’s stock worth $6,186,000 after buying an additional 328 shares during the last quarter.

LNG has been the topic of several research analyst reports. Gabelli initiated coverage on shares of Cheniere Energy in a research report on Monday, May 13th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday, July 2nd. Cowen reiterated an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of Cheniere Energy in a research report on Tuesday, June 4th. Finally, BTIG Research initiated coverage on shares of Cheniere Energy in a research report on Tuesday, July 16th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Cheniere Energy has a consensus rating of “Buy” and an average price target of $77.80.

Shares of LNG stock traded down $1.60 on Wednesday, hitting $59.18. The company’s stock had a trading volume of 65,139 shares, compared to its average volume of 1,798,511. Cheniere Energy, Inc. has a fifty-two week low of $55.09 and a fifty-two week high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.59). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. The company’s revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share.

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.

Recommended Story: How Important is Technical Analysis of Stocks

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSEAMERICAN:LNG).

Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.