Mountain Hill Investment Partners Corp. Grows Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Mountain Hill Investment Partners Corp. lifted its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 141.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,662 shares of the shipping company's stock after purchasing an additional 8,000 shares during the period. Golar LNG accounts for approximately 0.5% of Mountain Hill Investment Partners Corp.'s investment portfolio, making the stock its 26th biggest holding. Mountain Hill Investment Partners Corp.'s holdings in Golar LNG were worth $519,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GLNG. Summit Investment Advisors Inc. boosted its holdings in shares of Golar LNG by 3.3% during 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 in the last quarter. Xponance Inc. raised its position in Golar LNG by 4.8% during the 1st quarter. Xponance Inc. now owns 8,515 shares of the shipping company's stock worth $323,000 after purchasing an additional 387 shares during the last quarter. Mariner LLC raised its position in Golar LNG by 7.4% during the 4th quarter. Mariner LLC now owns 5,995 shares of the shipping company's stock worth $254,000 after purchasing an additional 414 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Golar LNG by 358.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 647 shares of the shipping company's stock worth $25,000 after purchasing an additional 506 shares during the last quarter. Finally, Ion Asset Management Ltd. raised its position in shares of Golar LNG by 5.4% in the 4th quarter. Ion Asset Management Ltd. now owns 18,865 shares of the shipping company's stock worth $798,000 after acquiring an additional 959 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Golar LNG Stock Down 0.3%

Shares of GLNG traded down $0.12 during mid-day trading on Wednesday, reaching $40.36. The company had a trading volume of 967,179 shares, compared to its average volume of 1,458,140. 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 50-day moving average price of $40.72 and a 200 day moving average price of $39.47. Golar LNG Limited has a 52 week low of $29.29 and a 52 week high of $44.36. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 1,345.78 and a beta of 0.56.

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

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.48%. Golar LNG's dividend payout ratio is currently 3,333.33%.

Wall Street Analyst Weigh In

GLNG has been the subject of a number of research analyst reports. Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Dnb Nor Markets upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. BTIG Research reiterated a "buy" rating on shares of Golar LNG in a research note on Wednesday, May 28th. DNB Markets upgraded Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research note on Tuesday, April 22nd. Finally, Wall Street Zen downgraded Golar LNG from a "hold" rating to a "sell" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Golar LNG presently has an average rating of "Buy" and a consensus price target of $50.88.

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.