22,959 Shares in Golar LNG Limited (NASDAQ:GLNG) Purchased by Advisor Resource Council

Advisor Resource Council acquired a new stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,959 shares of the shipping company's stock, valued at approximately $839,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fortitude Advisory Group L.L.C. acquired a new position in Golar LNG in the 1st quarter worth about $271,000. FNY Investment Advisers LLC increased its position in shares of Golar LNG by 95.6% in the first quarter. FNY Investment Advisers LLC now owns 8,800 shares of the shipping company's stock valued at $334,000 after buying an additional 4,300 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Golar LNG by 256.7% in the first quarter. Exchange Traded Concepts LLC now owns 9,050 shares of the shipping company's stock valued at $344,000 after buying an additional 6,513 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Golar LNG by 8,554.0% during the 1st quarter. Farther Finance Advisors LLC now owns 8,654 shares of the shipping company's stock worth $321,000 after buying an additional 8,554 shares during the period. Finally, Range Financial Group LLC purchased a new position in shares of Golar LNG during the 1st quarter valued at approximately $1,731,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday, April 22nd. BTIG Research reissued a "buy" rating on shares of Golar LNG in a research note on Wednesday, May 28th. Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Wall Street Zen upgraded Golar LNG to a "sell" rating in a report on Thursday, March 20th. Finally, Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $49.70.

Golar LNG Price Performance

Shares of NASDAQ GLNG traded down $0.43 during mid-day trading on Wednesday, reaching $41.09. The company's stock had a trading volume of 580,591 shares, compared to its average volume of 1,434,868. The stock has a 50-day moving average of $40.37 and a two-hundred day moving average of $39.61. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $4.30 billion, a P/E ratio of 1,370.12 and a beta of 0.57. Golar LNG Limited has a 1-year low of $29.29 and a 1-year high of $44.36.

Golar LNG (NASDAQ:GLNG - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.09. The company had revenue of $63.00 million during the quarter, compared to the consensus estimate of $64.90 million. Golar LNG had a net margin of 1.04% and a return on equity of 6.82%. On average, equities research analysts anticipate that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, June 3rd were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. Golar LNG's payout ratio is 3,333.33%.

About Golar LNG

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.