Owl Creek Asset Management buys $53,640,343 stake in Cheniere Energy (LNG)

Cheniere Energy (LNG) : Owl Creek Asset Management scooped up 925,391 additional shares in Cheniere Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,247,740 shares of Cheniere Energy which is valued at $53,640,343.Cheniere Energy makes up approximately 3.27% of Owl Creek Asset Management’s portfolio.

Other Hedge Funds, Including , Ivory Investment Management sold out all of its stake in LNG during the most recent quarter. The investment firm sold 19,752 shares of LNG which is valued $849,138.Canada Pension Plan Investment Board boosted its stake in LNG in the latest quarter, The investment management firm added 10,593 additional shares and now holds a total of 10,605 shares of Cheniere Energy which is valued at $455,909.Neuberger Berman Group boosted its stake in LNG in the latest quarter, The investment management firm added 2,606,973 additional shares and now holds a total of 2,683,717 shares of Cheniere Energy which is valued at $113,064,997. Cheniere Energy makes up approx 0.15% of Neuberger Berman Group’s portfolio.Verde Servicos Internacionais S.a. reduced its stake in LNG by selling 2,030 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 161,500 shares of LNG which is valued at $6,460,000. Cheniere Energy makes up approx 0.54% of Verde Servicos Internacionais S.a.’s portfolio.

Cheniere Energy closed down -0.23 points or -0.54% at $42.67 with 14,69,499 shares getting traded on Thursday. Post opening the session at $42.64, the shares hit an intraday low of $42.37 and an intraday high of $43.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Cheniere Energy reported $-0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.49. The company had revenue of $176.80 million for the quarter, compared to analysts expectations of $64.08 million. The company’s revenue was up 160.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on Cheniere Energy. Shares were Reiterated by Barclays on Sep 6, 2016 to “Overweight” and Lowered the Price Target to $ 53 from a previous price target of $64 .Scotia Howard Weil Upgraded Cheniere Energy on Jun 14, 2016 to ” Sector Outperform”, Price Target of the shares are set at $52.

Cheniere Energy Inc. is an energy company engaged in Liquefied natural gas (LNG) businesses. The Company operates through two segments: LNG terminal business and LNG and natural gas marketing business The Company 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 Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings LLC (Cheniere Holdings) which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish Louisiana and the Corpus Christi LNG terminal near Corpus Christi Texas.

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