Hsbc Holdings PLC Sells 8,315 Shares of Golar LNG Limited $GLNG

Hsbc Holdings PLC lowered its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 42.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,482 shares of the shipping company's stock after selling 8,315 shares during the period. Hsbc Holdings PLC's holdings in Golar LNG were worth $438,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLNG. Fox Run Management L.L.C. increased its position in shares of Golar LNG by 5.4% during the 1st quarter. Fox Run Management L.L.C. now owns 7,115 shares of the shipping company's stock valued at $270,000 after purchasing an additional 362 shares during the period. Xponance Inc. increased its position in shares of Golar LNG by 4.8% during the 1st quarter. Xponance Inc. now owns 8,515 shares of the shipping company's stock valued at $323,000 after purchasing an additional 387 shares during the period. Mariner LLC increased its position in shares of Golar LNG by 7.4% during the 4th 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. Hexagon Capital Partners LLC increased its position in shares of Golar LNG by 358.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 647 shares of the shipping company's stock valued at $25,000 after purchasing an additional 506 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Golar LNG by 20.2% during the 1st quarter. Principal Financial Group Inc. now owns 6,561 shares of the shipping company's stock valued at $249,000 after purchasing an additional 1,103 shares during the period. Institutional investors own 92.21% of the company's stock.

Golar LNG Stock Up 0.8%

Shares of NASDAQ:GLNG traded up $0.37 on Friday, reaching $44.22. The company had a trading volume of 889,491 shares, compared to its average volume of 1,255,371. Golar LNG Limited has a twelve month low of $29.56 and a twelve month high of $45.98. The stock has a 50-day moving average price of $41.67 and a 200 day moving average price of $39.61. The stock has a market capitalization of $4.62 billion, a P/E ratio of -631.62 and a beta of 0.42. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.63.

Golar LNG (NASDAQ:GLNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The shipping company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.03). Golar LNG had a positive return on equity of 6.36% and a negative net margin of 2.83%.The company had revenue of $75.67 million during the quarter, compared to analyst estimates of $79.37 million. On average, equities analysts expect that Golar LNG Limited will post 1.39 EPS for the current year.

Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 26th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, August 26th. Golar LNG's dividend payout ratio (DPR) is presently -1,428.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research cut Golar LNG from a "hold" rating to a "strong sell" rating in a report on Thursday, August 14th. Wall Street Zen downgraded Golar LNG from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. B. Riley reiterated a "neutral" rating and set a $44.50 price target on shares of Golar LNG in a report on Monday, August 25th. Finally, BTIG Research reiterated a "buy" rating on shares of Golar LNG in a report on Wednesday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Golar LNG has a consensus rating of "Moderate Buy" and a consensus target price of $49.17.

Golar LNG 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.