Golar LNG Limited (NASDAQ:GLNG) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 8,554.0% in the first quarter, according to its most recent 13F filing with the Securities and 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 reporting period.

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

Golar LNG Stock Down 1.8%

Shares of GLNG traded down $0.76 during midday trading on Friday, hitting $41.56. The company had a trading volume of 904,464 shares, compared to its average volume of 1,446,940. The company's 50-day simple moving average is $40.12 and its 200-day simple moving average is $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 firm has a market capitalization of $4.34 billion, a P/E ratio of 1,385.80 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 announced its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.09. The business had revenue of $63.00 million during the quarter, compared to analysts' expectations of $64.90 million. Golar LNG had a return on equity of 6.82% and a net margin of 1.04%. As a group, sell-side analysts expect that Golar LNG Limited will post 1.39 EPS for the current year.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, June 3rd. Golar LNG's payout ratio is presently 3,333.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Dnb Nor Markets upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. BTIG Research restated 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 report on Thursday, March 20th. Finally, 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 report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $49.70.

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.