Farther Finance Advisors LLC boosted its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 8,554.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,654 shares of the shipping company's stock after purchasing an additional 8,554 shares during the quarter. Farther Finance Advisors LLC's holdings in Golar LNG were worth $321,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC bought a new position in Golar LNG in the 4th quarter worth approximately $270,000. Rhumbline Advisers increased its holdings in shares of Golar LNG by 2.0% during the fourth quarter. Rhumbline Advisers now owns 158,808 shares of the shipping company's stock valued at $6,721,000 after purchasing an additional 3,115 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of Golar LNG during the fourth quarter valued at about $200,000. Bank of New York Mellon Corp lifted its holdings in Golar LNG by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 279,238 shares of the shipping company's stock worth $11,817,000 after purchasing an additional 6,588 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Golar LNG in the fourth quarter worth about $1,499,000. 92.21% of the stock is owned by institutional investors and hedge funds.
Golar LNG Stock Performance
GLNG opened at $42.63 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. The firm has a market cap of $4.46 billion, a PE ratio of 1,421.47 and a beta of 0.57. The business has a fifty day simple moving average of $39.71 and a 200-day simple moving average of $39.57. Golar LNG Limited has a fifty-two week low of $28.31 and a fifty-two week high of $44.36.
Golar LNG (NASDAQ:GLNG - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The shipping company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.09. The business had revenue of $63.00 million during 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%. As a group, equities analysts predict that Golar LNG Limited will post 1.39 EPS for the current fiscal year.
Golar LNG Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were issued 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 2.35%. Golar LNG's dividend payout ratio is currently 3,333.33%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on GLNG shares. Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. DNB Markets upgraded Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Tuesday, April 22nd. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. BTIG Research reissued a "buy" rating on shares of Golar LNG in a research note on Wednesday, May 28th. Finally, Wall Street Zen raised Golar LNG to a "sell" rating in a research note on Thursday, March 20th. One equities 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. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $49.70.
View Our Latest Analysis on GLNG
Golar LNG Company 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.
Further Reading
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