Markets
LNG

Top Buys by Top Brass: CEO and President Fusco's $8.5M Bet on LNG

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $8.5M invested across 7 purchases by Jack A. Fusco, CEO and President at Cheniere Energy Inc. (Symbol: LNG).

Purchased Insider Title Shares Price/Share Value
06/15/2016 Jack A. Fusco CEO and President 28,231 $32.97 $930,660.32
06/27/2016 Jack A. Fusco President and CEO 29,000 $34.27 $993,760.40
07/18/2016 Jack A. Fusco President and CEO 37,604 $39.89 $1,499,944.59
08/15/2016 Jack A. Fusco President and CEO 34,223 $43.83 $1,499,959.87
09/19/2016 Jack A. Fusco President and CEO 35,063 $42.78 $1,499,981.11
10/17/2016 Jack A. Fusco President and CEO 37,007 $40.53 $1,499,971.42
11/10/2016 Jack A. Fusco President and CEO 15,366 $37.47 $575,754.80

Fusco's average cost works out to $39.26/share. Shares of Cheniere Energy Inc. were changing hands at $43.10 at last check, trading up about 1% on Friday. The chart below shows the one year performance of LNG shares, versus its 200 day moving average:

Cheniere Energy Inc. Chart

Looking at the chart above, LNG's low point in its 52 week range is $22.80 per share, with $46.00 as the 52 week high point - that compares with a last trade of $43.10.

According to the ETF Finder at ETF Channel, LNG makes up 3.15% of the MLP and Energy Infrastructure ETF (Symbol: MLPX) which is trading lower by about 0.5% on the day Friday.

Click here to find out which other top insider buys by the ''top brass'' you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

LNG MLPX

Other Topics

Commodities