Exchange Traded Concepts LLC lifted its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 256.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,050 shares of the shipping company's stock after acquiring an additional 6,513 shares during the period. Exchange Traded Concepts LLC's holdings in Golar LNG were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLNG. Summit Investment Advisors Inc. boosted its holdings in shares of Golar LNG by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company's stock valued at $438,000 after acquiring an additional 328 shares during the last quarter. Mariner LLC lifted its position in Golar LNG by 7.4% during the fourth quarter. Mariner LLC now owns 5,995 shares of the shipping company's stock valued at $254,000 after purchasing an additional 414 shares during the period. Metis Global Partners LLC lifted its position in Golar LNG by 9.8% during the fourth quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company's stock valued at $254,000 after purchasing an additional 534 shares during the period. Terril Brothers Inc. boosted its holdings in Golar LNG by 8.6% in the fourth quarter. Terril Brothers Inc. now owns 11,400 shares of the shipping company's stock valued at $482,000 after purchasing an additional 900 shares during the last quarter. Finally, Ion Asset Management Ltd. grew its position in Golar LNG by 5.4% during the 4th quarter. Ion Asset Management Ltd. now owns 18,865 shares of the shipping company's stock worth $798,000 after purchasing an additional 959 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.
Golar LNG Price Performance
GLNG stock traded down $0.43 during mid-day trading on Wednesday, reaching $41.09. 580,591 shares of the company's stock were exchanged, compared to its average volume of 1,434,868. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 1,370.12 and a beta of 0.57. Golar LNG Limited has a 12-month low of $29.29 and a 12-month high of $44.36. The stock's 50 day moving average is $40.37 and its 200 day moving average is $39.61. 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 (NASDAQ:GLNG - Get Free Report) last announced its earnings results on Tuesday, May 27th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.09. The firm had revenue of $63.00 million for the quarter, compared to analyst estimates of $64.90 million. Golar LNG had a return on equity of 6.82% and a net margin of 1.04%. On average, research analysts expect that Golar LNG Limited will post 1.39 EPS for the current year.
Golar LNG Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were given a $0.25 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. Golar LNG's dividend payout ratio (DPR) is 3,333.33%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on GLNG shares. BTIG Research reissued a "buy" rating on shares of Golar LNG in a report on Wednesday, May 28th. Wall Street Zen upgraded Golar LNG to a "sell" rating in a research report on Thursday, March 20th. 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. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $49.70.
Check Out Our Latest Stock Analysis on Golar LNG
Golar LNG Profile
(
Free Report)
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.
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