Advisor Resource Council Purchases Shares of 22,959 Golar LNG Limited (NASDAQ:GLNG)

Advisor Resource Council purchased a new stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,959 shares of the shipping company's stock, valued at approximately $839,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Golar LNG in the fourth quarter valued at about $107,000. J.Safra Asset Management Corp bought a new stake in Golar LNG in the fourth quarter valued at $141,000. Sterling Capital Management LLC grew its holdings in shares of Golar LNG by 906.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock worth $147,000 after purchasing an additional 3,118 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Golar LNG in the 4th quarter worth about $200,000. Finally, Schechter Investment Advisors LLC bought a new stake in shares of Golar LNG in the 4th quarter worth about $203,000. Institutional investors own 92.21% of the company's stock.

Golar LNG Trading Down 1.8%

Shares of NASDAQ GLNG traded down $0.76 during mid-day trading on Friday, hitting $41.56. The company's stock had a trading volume of 904,464 shares, compared to its average volume of 1,446,940. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 1,385.80 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.85. Golar LNG Limited has a one year low of $29.29 and a one year high of $44.36. The company's fifty day simple moving average is $40.12 and its 200-day simple moving average is $39.60.

Golar LNG (NASDAQ:GLNG - Get Free Report) last issued its earnings results on Tuesday, May 27th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.09. Golar LNG had a return on equity of 6.82% and a net margin of 1.04%. The firm had revenue of $63.00 million for the quarter, compared to analysts' expectations of $64.90 million. On average, sell-side analysts anticipate that Golar LNG Limited will post 1.39 earnings per share for the current fiscal year.

Golar LNG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 dividend yield of 2.41%. Golar LNG's dividend payout ratio is 3,333.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GLNG shares. Dnb Nor Markets upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Wall Street Zen raised shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock 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. Finally, Fearnley Fonds raised shares of 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 issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Golar LNG presently has a consensus rating of "Buy" and an average target price of $49.70.

Golar LNG Company Profile

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.