Traders Buy Large Volume of Cheniere Energy Call Options (LNG) (The Utah People’s Post)
Shares of Cheniere Energy was the recipient of unusually large options trading on Tuesday. Stock investors purchased 6,079 call options on the company, Analyst Ratings.Net reports. This is an increase of 107% compared to the typical volume of 2,942 call options. A number of research firms have recently commented on LNG. Analysts at TheStreet reiterated a “hold” rating on shares of Cheniere Energy, Inc. (NYSEMKT:LNG) in a research note to investors on Tuesday, July 9th. Separately, analysts at Credit Suisse initiated coverage on shares of Cheniere Energy in a research note to investors on Tuesday, July 2nd. They set an “outperform” rating on the stock.
Former Chevron exec Steve Renfroe of Moss Point new Public Service Commissioner (updated) (Mississippi Press)
Steve Renfroe, former Chevron Corporation (NYSE:CVX) Refinery executive, is the new Southern District Public Service Commissioner, Gov. Phil Bryant announced Tuesday morning in Biloxi. In his introduction of Renfroe, Bryant called him a man of “integrity,” adding that he was looking for someone to serve who had “no financial concerns, no political concerns.” “That’s not always easy to find in the public sector,” Bryant said. Renfroe, a lifelong resident of Moss Point, was a public relations and public affairs executive with Chevron Corporation (NYSE:CVX) for 35 years before retiring in 2011. He has been active with Excel By 5, the Jackson County Chamber of Commerce, the Pascagoula River Audubon Center and United Way for Jackson and George Counties.
Path Cleared for Clean Energy’s Highest-Volume Compressed Natural Gas Station (NGT News)
Town officials in Pembroke, N.H., have removed the last major hurdle for the construction of a compressed natural gas (CNG) station that will serve as a resource for natural gas vehicle (NGV) fleets and large-scale CNG distribution. Clean Energy Fuels Corp (NASDAQ:CLNE) and NG Advantage announced their intention to build the facility in early August, and Pembroke’s town planning board OKed the project last week, according to coverage in the New Hampshire Union Leader. NG Advantage focuses it business on tractor-trailer deliveries of CNG to large energy users that are not near a natural gas network. Clean Energy Fuels, on the other hand, concentrates on building CNG refueling infrastructure for NGVs.
Cheniere Energy, Inc. (NYSEMKT:LNG) stock remains bullish (FinancialsTrend)
It was observed that the stock of Cheniere Energy, Inc. (NYSEMKT:LNG) had remained bullish among 40 hedge funds by the end of the second quarter, which proved to be a decline of 13% over the previous quarter. However, there had been few hedge fund managers who had also increased their holding position in this energy stock. Point State Capital of Sean Cullinan was observed to be holding the largest position of hedge fund investments in this stock with shares worth $381.2 million comprising around 6.6% of the total fund portfolio. The second position was held by Pennant Capital Management of Alan Fournier with shares worth $152.1 million, comprising around 2.8% of the total portfolio.
Clean Energy Fuels Corp. CEO Unloads $101,200 in Stock (CLNE) (Mideast Time)
Clean Energy Fuels Corp (NASDAQ:CLNE) CEO Andrew Littlefair sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $12.65, for a total transaction of $101,200.00. Following the transaction, the chief executive officer now directly owns 350,049 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC. A number of analysts have recently weighed in on CLNE shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of Clean Energy Fuels Corp (NASDAQ:CLNE) in a research note to investors on Wednesday, July 10th. They now have a $14.00 price target on the stock, up previously from $12.00.