Short Interest Change: Does Cheniere Energy Incorporated (NYSEMKT:LNG) Have Gas After Even More Sellers Involved?

November 30, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Change: Does Cheniere Energy Incorporated (NYSEMKT:LNG) Have Gas After Even More Sellers Involved?

The stock of Cheniere Energy Incorporated (NYSEMKT:LNG) registered an increase of 0.82% in short interest. LNG’s total short interest was 16.92 million shares in November as published by FINRA. Its up 0.82% from 16.78 million shares, reported previously. With 1.90 million shares average volume, it will take short sellers 9 days to cover their LNG’s short positions. The short interest to Cheniere Energy Incorporated’s float is 11.39%. About 9,202 shares traded hands. Cheniere Energy, Inc. (NYSEMKT:LNG) has declined 0.36% since April 27, 2016 and is downtrending. It has underperformed by 5.58% the S&P500.

Cheniere Energy, Inc. is an energy company primarily engaged in liquefied natural gas related businesses. The company has a market cap of $9.35 billion. The Firm operates through two divisions: LNG terminal business and LNG and natural gas marketing business The Firm owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Cheniere Partners), which is a publicly traded limited partnership. It currently has negative earnings. The Firm owns approximately 100% of the general partner interest in Cheniere Partners and over 80% of Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings), which is a publicly traded limited liability firm that owns approximately 56% limited partner interest in Cheniere Partners.

Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.14, from 0.89 in 2016Q1. The ratio is positive, as 40 funds sold all Cheniere Energy, Inc. shares owned while 110 reduced positions. 40 funds bought stakes while 93 increased positions. They now own 206.38 million shares or 6.90% less from 221.68 million shares in 2016Q1.
Rockefeller Fin has invested 0.02% of its portfolio in Cheniere Energy, Inc. (NYSEMKT:LNG). The Massachusetts-based Boston Prtn has invested 0% in Cheniere Energy, Inc. (NYSEMKT:LNG). Checchi Cap Advisers Ltd Liability Corp has 1,707 shares for 0.01% of their US portfolio. Pillar Pacific Cap Ltd Company last reported 0.26% of its portfolio in the stock. Stifel Fincl holds 0% or 28,490 shares in its portfolio. State Common Retirement Fund owns 646,483 shares or 0.04% of their US portfolio. Moreover, Fifth Third Commercial Bank has 0% invested in Cheniere Energy, Inc. (NYSEMKT:LNG) for 576 shares. Moreover, Castleark Limited Liability has 0.07% invested in Cheniere Energy, Inc. (NYSEMKT:LNG) for 62,180 shares. Amalgamated Bank & Trust accumulated 6,060 shares or 0.01% of the stock. Glg Prns Ltd Partnership holds 34,192 shares or 0.04% of its portfolio. Cushing Asset Mgmt Ltd Partnership, a Texas-based fund reported 446,793 shares. Moreover, Cordasco Fin has 0.01% invested in Cheniere Energy, Inc. (NYSEMKT:LNG) for 125 shares. Apriem has 200 shares for 0% of their US portfolio. Fairview Capital Mngmt Limited Liability Com accumulated 10.01% or 3.28 million shares. Fiera holds 0.18% or 855,038 shares in its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 9 insider buys, and 4 selling transactions for $7.86 million net activity. MERKSAMER SAMUEL J. bought $480,195 worth of stock. Fusco Jack A had bought 34,223 shares worth $1.50M on Monday, August 15. Wortley Michael J also sold $67,438 worth of Cheniere Energy, Inc. (NYSEMKT:LNG) shares. LEHOTSKY Ed sold $796,587 worth of stock. Shares for $408,019 were sold by BRANDOLINI NUNO on Friday, August 19. Another trade for 1,500 shares valued at $54,270 was made by Markowitz Sean N on Friday, November 11. Another trade for 9,018 shares valued at $405,339 was sold by BOTTA G ANDREA.

Cheniere Energy, Inc. (NYSEMKT:LNG) Ratings Coverage

Out of 8 analysts covering Cheniere Energy Inc (NYSEMKT:LNG), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Cheniere Energy Inc has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Cheniere Energy, Inc. (NYSEMKT:LNG) has “Sector Outperform” rating given on Tuesday, June 14 by Howard Weil. Global Hunter Securities initiated it with “Accumulate” rating and $76 target price in Thursday, July 23 report. Bernstein initiated the shares of LNG in a report on Wednesday, May 11 with “Market Perform” rating. Credit Suisse initiated the stock with “Outperform” rating in Wednesday, August 5 report. Barclays Capital maintained it with “Overweight” rating and $53.0 target price in Tuesday, September 6 report. Barclays Capital maintained Cheniere Energy, Inc. (NYSEMKT:LNG) rating on Monday, October 12. Barclays Capital has “Overweight” rating and $64 price target. On Wednesday, January 13 the stock rating was upgraded by Citigroup to “Buy”. The firm has “Buy” rating given on Tuesday, February 23 by Goldman Sachs.

LNG Company Profile

Cheniere Energy, Inc., incorporated on March 25, 1983, is an energy firm primarily engaged in liquefied natural gas (LNG) related businesses. The Firm operates through two divisions: LNG terminal business and LNG and natural gas marketing business The Firm owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Cheniere Partners), which is a publicly traded limited partnership. The Firm owns approximately 100% of the general partner interest in Cheniere Partners and over 80% of Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings), which is a publicly traded limited liability firm that owns approximately 56% limited partner interest in Cheniere Partners.

More recent Cheniere Energy, Inc. (NYSEMKT:LNG) news were published by: Prnewswire.com which released: “Cheniere Energy, Inc. Reports Third Quarter 2016 Results” on November 03, 2016. Also Seekingalpha.com published the news titled: “Cheniere Energy: Expect Strong Long-Term Gains” on November 26, 2016. Nasdaq.com‘s news article titled: “Cheniere Energy Inc (LNG) President and CEO Jack A Fusco Bought $575764 of Shares” with publication date: November 15, 2016 was also an interesting one.

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By Peter Erickson

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