Gryphon Financial Partners LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 126.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,313 shares of the energy company’s stock after purchasing an additional 1,292 shares during the period. Gryphon Financial Partners LLC’s holdings in Cheniere Energy were worth $161,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of LNG. Exencial Wealth Advisors LLC acquired a new stake in Cheniere Energy during the 2nd quarter worth $202,000. Atlantic Trust LLC acquired a new stake in Cheniere Energy during the 2nd quarter worth $205,000. AMG National Trust Bank acquired a new stake in Cheniere Energy during the 3rd quarter worth $208,000. Janney Montgomery Scott LLC acquired a new stake in Cheniere Energy during the 3rd quarter worth $208,000. Finally, Centaurus Financial Inc. acquired a new stake in Cheniere Energy during the 2nd quarter worth $212,000.
Shares of LNG opened at $62.35 on Friday. Cheniere Energy, Inc. has a 52-week low of $46.00 and a 52-week high of $71.03.
In other news, Director David B. Kilpatrick sold 15,000 shares of the stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $68.88, for a total value of $1,033,200.00. Following the completion of the transaction, the director now owns 4,397 shares in the company, valued at approximately $302,865.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of equities analysts have commented on the stock. US Capital Advisors restated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, July 17th. JPMorgan Chase & Co. assumed coverage on shares of Cheniere Energy in a research report on Wednesday, October 31st. They set an “overweight” rating for the company. BMO Capital Markets restated a “buy” rating and set a $81.00 price objective on shares of Cheniere Energy in a research report on Friday, July 13th. Bank of America restated a “buy” rating and set a $79.00 price objective on shares of Cheniere Energy in a research report on Tuesday, August 28th. Finally, Barclays set a $78.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Friday, October 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $75.09.
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Cheniere Energy Company Profile
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
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