RR Advisors LLC Takes Position in Golar LNG Limited $GLNG

Key Points

• RR Advisors LLC has invested approximately $6.08 million in Golar LNG Limited, acquiring 160,000 shares, which represents 1.5% of their portfolio.
• Golar LNG is experiencing positive analyst sentiment, with ratings ranging from "strong buy" to "buy," and an average target price set at $53.00.
• The company announced a quarterly dividend of $0.25 per share, resulting in an annualized yield of 2.5%.

RR Advisors LLC bought a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 160,000 shares of the shipping company's stock, valued at approximately $6,079,000. Golar LNG comprises approximately 1.5% of RR Advisors LLC's investment portfolio, making the stock its 18th biggest position. RR Advisors LLC owned approximately 0.15% of Golar LNG as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC raised its position in Golar LNG by 358.9% during the first quarter. Hexagon Capital Partners LLC now owns 647 shares of the shipping company's stock worth $25,000 after acquiring an additional 506 shares in the last quarter. Sterling Capital Management LLC raised its position in Golar LNG by 906.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock worth $147,000 after acquiring an additional 3,118 shares in the last quarter. Numerai GP LLC bought a new position in shares of Golar LNG in the fourth quarter valued at about $245,000. 111 Capital bought a new position in shares of Golar LNG in the fourth quarter valued at about $248,000. Finally, Mariner LLC raised its position in shares of Golar LNG by 7.4% in 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. Institutional investors and hedge funds own 92.21% of the company's stock.

Golar LNG Price Performance

Golar LNG stock traded down $0.09 during trading hours on Tuesday, reaching $41.24. 800,217 shares of the stock were exchanged, compared to its average volume of 1,543,651. The company has a market cap of $4.31 billion, a P/E ratio of -589.06 and a beta of 0.56. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. Golar LNG Limited has a twelve month low of $29.56 and a twelve month high of $44.36. The stock has a 50 day moving average of $41.14 and a two-hundred day moving average of $39.33.

Golar LNG (NASDAQ:GLNG - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The shipping company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.03). The firm had revenue of $75.67 million for the quarter, compared to analyst estimates of $79.37 million. Golar LNG had a positive return on equity of 6.25% and a negative net margin of 2.83%. Equities analysts expect that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Saturday, January 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 26th. Golar LNG's dividend payout ratio (DPR) is presently -1,428.57%.

Analyst Ratings Changes

GLNG has been the topic of several research analyst reports. Wall Street Zen raised shares of Golar LNG from a "sell" rating to a "hold" rating in a research report on Saturday. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research report on Tuesday, April 22nd. Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Zacks Research lowered shares of Golar LNG from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 14th. Finally, BTIG Research reaffirmed a "buy" rating on shares of Golar LNG in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $51.50.

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.