Editor’s Note: Cheniere Energy, Inc. (NYSEAMEX:LNG), Sempra Energy (NYSE:SRE), Chevron Corporation (NYSE:CVX)
Cheniere Energy Given New $25.00 Price Target at Barclays Capital (LNG) (Zolmax)
Cheniere Energy, Inc. (NYSEAMEX:LNG) had its price objective hosited by Barclays Capital from $17.00 to $25.00 in a report released on Thursday, AnalystRatingsNetwork reports. Barclays Capital currently has an overweight rating on the stock. Barclays Capital has also modified their ratings on a number of other stocks in the few days. The firm reiterated its sell rating on shares of CIBC. They have a $73.00 price target on that stock. Also, Barclays Capital raised its price target on shares of Perfect World Co Ltd from $14.00 to $22.00. They have an equal weight rating on that stock.
Sempra Highlights Its Clean Energy Achievements Of 2012 (North American WindPower)
In its newly released 2012 corporate responsibility report, Sempra Energy (NYSE:SRE) highlights some of its utilities’ achievements in renewable energy, energy efficiency, and carbon emissions reduction. According to the report, subsidiary San Diego Gas & Electric provided more than 20% of its electricity from renewable sources last year. Meanwhile, Sempra U.S. Gas & Power brought more than 850 MW of renewable energy online, completing two large solar power projects and three wind power projects, in partnership with BP Wind.
Chevron settles charges stemming from Richmond refinery fire (Oil & Gas journal)
Chevron Corporation (NYSE:CVX) agreed to pay $2 million in fines on Aug. 5 as it pleaded no contest to six charges stemming from a fire at its Richmond, Calif., refinery nearly a year earlier. The company agreed to inspect all pipe subject to sulfidation corrosion and substantially change its business practices to better protect employees and other workers, emergency residents, and local residents, Contra Costa County District Attorney Mark A. Peterson said. “This criminal case achieves our goals of holding Chevron accountable for their conduct, protecting the public, and ensuring a safer work environment at the refinery,” he continued. “This historic resolution is also possible due to Chevron Corporation (NYSE:CVX)’s commitment to do more than what is required by law in order to help ensure nothing like this ever happens again.”
Cheniere Energy, Inc. (LNG): Proof You , Might Wanna Take Profits (Insider Monkey)
Should energy investors consider Cheniere Energy, Inc. (NYSEAMEX:LNG)? At the end of the second quarter, a total of 40 of the hedge funds we track were bullish in this stock, a change of -13% from the first quarter. With the smart money’s sentiment swirling, there exists a few notable hedge fund managers who were boosting their stakes significantly. When using filings from the hedgies we track, Sean Cullinan’s Point State Capital had the most valuable position in Cheniere Energy, Inc. (NYSEAMEX:LNG), worth close to $381.2 million, accounting for 6.6% of its total 13F portfolio. Coming in second is Alan Fournier of Pennant Capital Management, with a $152.1 million position; 2.8% of its 13F portfolio is allocated to the stock.
One Put, One Call, To Know About for Chevron (Forbes)
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Chevron Corporation (NYSE:CVX). So this week we highlight one interesting put contract, and one interesting call contract, from the January 2015 expiration for CVX. The put contract our YieldBoost algorithm identified as particularly interesting, is at the $65 strike, which has a bid at the time of this writing of 81 cents. Collecting that bid as the premium represents a 1.2% return against the $65 commitment, or a 0.9% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
