Petroleum & Resources Cut Its Cheniere Energy (LNG) Position by $4.33 Million; Marlowe Partners LP Boosted Stake in Lam Research (LRCX) by $15.76 Million as Market Valuation Declined

Lam Research Corporation (NASDAQ:LRCX) Logo

Petroleum & Resources Corp decreased its stake in Cheniere Energy Inc. (LNG) by 38.41% based on its latest 2018Q3 regulatory filing with the SEC. Petroleum & Resources Corp sold 62,800 shares as the company’s stock declined 6.26% with the market. The institutional investor held 100,700 shares of the public utilities company at the end of 2018Q3, valued at $7.00M, down from 163,500 at the end of the previous reported quarter. Petroleum & Resources Corp who had been investing in Cheniere Energy Inc. for a number of months, seems to be less bullish one the $16.53B market cap company. The stock decreased 2.10% or $1.38 during the last trading session, reaching $64.33. About 1.47 million shares traded. Cheniere Energy, Inc. (NYSEMKT:LNG) has risen 29.49% since January 12, 2018 and is uptrending. It has outperformed by 29.49% the S&P500. Some Historical LNG News: 05/03/2018 – CHENIERE & GAIL CELEBRATE COMMENCEMENT OF 20-YEAR LNG CONTRACT; 04/05/2018 – CHENIERE SEES GLOBAL LNG DEMAND SHORTFALL CLOSER TO 2021, 2022; 04/05/2018 – Cheniere to decide on Corpus Christi 3 LNG export terminal in weeks; 07/03/2018 – Cheniere Sabine Pass LNG Tanker Tracker for March 7 (Table); 27/03/2018 – CHENIERE ENERGY INC LNG.A : BERNSTEIN RAISES TARGET PRICE TO $63 FROM $55; 22/05/2018 – S&PGR Affirms Cheniere Corpus Christi Holdings ‘BB-‘ Debt Rtg; 17/05/2018 – CHENIERE ENERGY INC – TRANSACTION EXPECTED TO BE STRUCTURED AS A MERGER OF CHENIERE PARTNERS HOLDINGS WITH A WHOLLY-OWNED SUBSIDIARY OF CHENIERE; 17/05/2018 – CQH GETS MERGER PROPOSAL FROM CHENIERE ENERGY, INC; 17/05/2018 – Cheniere Energy Favored by 10 Hedge Funds, 13Fs Show; 23/03/2018 – Natural Gas Deliveries to U.S. LNG Export Terminals (Table)

Marlowe Partners Lp increased its stake in Lam Research Corp (LRCX) by 80.67% based on its latest 2018Q3 regulatory filing with the SEC. Marlowe Partners Lp bought 104,377 shares as the company’s stock declined 13.57% with the market. The institutional investor held 233,765 shares of the industrial machinery and components company at the end of 2018Q3, valued at $35.46 million, up from 129,388 at the end of the previous reported quarter. Marlowe Partners Lp who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $22.36 billion market cap company. The stock decreased 0.32% or $0.46 during the last trading session, reaching $144.11. About 2.28M shares traded. Lam Research Corporation (NASDAQ:LRCX) has declined 27.14% since January 12, 2018 and is downtrending. It has underperformed by 27.14% the S&P500. Some Historical LRCX News: 16/04/2018 – Lam Research Corp expected to post earnings of $4.38 a share – Earnings Preview; 17/04/2018 – LAM RESEARCH CORP SEES NET INCOME PER DILUTED SHARE (NON-GAAP) $5.00, +/- $0.20 FOR JUNE 2018 QTR; 15/05/2018 – Appaloosa Adds Lam Research, Exits Apple, Buys More Micron: 13F; 27/03/2018 – Tech Today: Zuck’s Parliament Fail, Cheers for Lam Research, Red Hat Targets Soar — Barron’s Blog; 06/03/2018 – LAM RESEARCH SAYS CY2021 TARGET MODEL FOR ADJ. EPS $23-$25; 17/04/2018 – Lam Research 3Q Rev $2.89B; 06/03/2018 – LAM RESEARCH REPORTS CAPITAL RETURN PROGRAM; 06/03/2018 – Lam Research: Capital Return Plan Includes 120% Increase of Qtrly Div; 17/04/2018 – Lam Research 3Q EPS $4.33; 18/04/2018 – First Lam, Now ASML: People Are Worried About Chip Equipment — Barron’s Blog

Among 27 analysts covering Lam Research Corporation (NASDAQ:LRCX), 19 have Buy rating, 0 Sell and 8 Hold. Therefore 70% are positive. Lam Research Corporation had 113 analyst reports since September 17, 2015 according to SRatingsIntel. B. Riley & Co maintained the stock with “Buy” rating in Wednesday, April 18 report. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Stifel Nicolaus on Thursday, October 20. The company was maintained on Thursday, October 22 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, August 30 by RBC Capital Markets. As per Friday, July 27, the company rating was maintained by Stifel Nicolaus. Needham maintained the stock with “Buy” rating in Thursday, July 27 report. The rating was maintained by Susquehanna on Monday, September 21 with “Neutral”. The rating was maintained by Needham with “Buy” on Thursday, January 25. JP Morgan maintained the stock with “Overweight” rating in Friday, July 27 report. As per Thursday, October 22, the company rating was maintained by B. Riley & Co.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Nasdaq.com which released: “LRCX March 1st Options Begin Trading – Nasdaq” on January 10, 2019, also Seekingalpha.com with their article: “Who Has A Little Lam? – Seeking Alpha” published on August 05, 2018, Nasdaq.com published: “Should You Buy Lam Research (LRCX) Stock Ahead of Earnings? – Nasdaq” on April 16, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Nasdaq.com and their article: “Lam Research (LRCX) Stock Moves -0.9%: What You Should Know – Nasdaq” published on December 21, 2018 as well as Nasdaq.com‘s news article titled: “Lam Research a Top Socially Responsible Dividend Stock With 2.5% Yield (LRCX) – Nasdaq” with publication date: August 31, 2018.

Investors sentiment decreased to 0.77 in Q3 2018. Its down 0.28, from 1.05 in 2018Q2. It dived, as 88 investors sold LRCX shares while 259 reduced holdings. 77 funds opened positions while 191 raised stakes. 133.35 million shares or 1.21% less from 134.98 million shares in 2018Q2 were reported. Fincl Bank Of Montreal Can owns 0.04% invested in Lam Research Corporation (NASDAQ:LRCX) for 327,088 shares. Massmutual Tru Fsb Adv reported 102 shares. Putnam Fl Investment Mgmt Com holds 51,220 shares. Nine Masts Cap invested 0.37% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Farmers & Merchants Incorporated owns 58 shares or 0% of their US portfolio. Moreover, Robeco Institutional Asset Management Bv has 0.06% invested in Lam Research Corporation (NASDAQ:LRCX) for 90,325 shares. Hilltop Hldg accumulated 1,688 shares. Bridgewater Associate Limited Partnership reported 16,817 shares. Conning Incorporated has 3,543 shares for 0.02% of their portfolio. Signaturefd Lc owns 1,240 shares. Voya reported 0.27% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Violich Capital Mgmt, a California-based fund reported 13,550 shares. Oak Assocs Limited Oh invested 0.07% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Bowling Portfolio Lc stated it has 29,484 shares or 0.63% of all its holdings. Van Eck Assocs Corporation holds 0.25% or 338,717 shares in its portfolio.

More notable recent Cheniere Energy, Inc. (NYSEAMERICAN:LNG) news were published by: Investorplace.com which released: “Cheniere Energy, Inc. Stock May Be Your Best Bet for Natural Gas – Investorplace.com” on February 23, 2018, also Bizjournals.com with their article: “Year in Review: Top 5 stories from Texas energy in 2018 – Houston Business Journal” published on December 31, 2018, Investorplace.com published: “5 Oil Stocks to Buy Even If Oil Prices Keep Falling – Investorplace.com” on December 19, 2018. More interesting news about Cheniere Energy, Inc. (NYSEAMERICAN:LNG) were released by: Seekingalpha.com and their article: “Cheniere Energy, Inc 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” published on November 08, 2018 as well as Bizjournals.com‘s news article titled: “Enbridge completes $3.3B acquisition of Spectra MLP – Houston Business Journal” with publication date: December 17, 2018.

Analysts await Cheniere Energy, Inc. (NYSEAMERICAN:LNG) to report earnings on February, 20. They expect $0.29 earnings per share, down 46.30% or $0.25 from last year’s $0.54 per share. LNG’s profit will be $74.49 million for 55.46 P/E if the $0.29 EPS becomes a reality. After $0.26 actual earnings per share reported by Cheniere Energy, Inc. for the previous quarter, Wall Street now forecasts 11.54% EPS growth.

Since September 27, 2018, it had 2 insider purchases, and 2 sales for $188,292 activity. Fusco Jack A had bought 15,000 shares worth $888,000 on Wednesday, November 14. The insider Markowitz Sean N bought $100,470. $1.03 million worth of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) was sold by KILPATRICK DAVID B on Thursday, September 27.

Investors sentiment decreased to 1.55 in Q3 2018. Its down 0.31, from 1.86 in 2018Q2. It dropped, as 21 investors sold LNG shares while 111 reduced holdings. 63 funds opened positions while 141 raised stakes. 230.63 million shares or 2.88% more from 224.17 million shares in 2018Q2 were reported. Ci has invested 1.66% in Cheniere Energy, Inc. (NYSEAMERICAN:LNG). Geode Capital Mngmt Lc reported 1.85 million shares. 19,094 are owned by Qs Ltd Liability Corporation. Verition Fund Management Ltd Com holds 0.06% in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) or 22,386 shares. The Alabama-based Andra Ap has invested 0.06% in Cheniere Energy, Inc. (NYSEAMERICAN:LNG). 2.51M were accumulated by Cohen Steers Inc. Stratos Wealth Prtnrs Limited holds 6,120 shares or 0.02% of its portfolio. Quantitative Systematic Strategies Lc accumulated 12,541 shares. Focused Wealth Mngmt owns 800 shares. Efg Asset (Americas) owns 0.97% invested in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) for 48,479 shares. 7,245 are owned by Hl Finance Ltd Liability Co. Royal National Bank Of Canada holds 0.01% or 422,834 shares in its portfolio. Public Employees Retirement Association Of Colorado holds 0.02% of its portfolio in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) for 40,061 shares. California State Teachers Retirement System reported 397,202 shares or 0.05% of all its holdings. Schwab Charles Management Incorporated holds 0.02% or 468,462 shares in its portfolio.

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Institutional Positions Chart