SG Americas Securities LLC Purchases 23,143 Shares of Golar LNG Limited $GLNG

Key Points

• SG Americas Securities LLC boosted its stake in Golar LNG by 289.3% in Q4, buying 23,143 shares to hold 31,142 shares worth about $1.16 million, and institutional investors now own roughly 92.21% of the stock.
• GLNG recently traded around $54.87 with a market cap of $5.56 billion and a P/E of 85.7; analysts give a consensus rating of “Moderate Buy” with an average price target of $50.50.
• Golar reported $0.09 EPS and $132.8 million in revenue for the most recent quarter and declared a $0.25 quarterly dividend ($1.00 annualized, 1.8% yield) despite a high payout ratio of 156.25%.

SG Americas Securities LLC lifted its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 289.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,142 shares of the shipping company's stock after buying an additional 23,143 shares during the quarter. SG Americas Securities LLC's holdings in Golar LNG were worth $1,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Golar LNG by 278.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company's stock valued at $27,000 after buying an additional 484 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Golar LNG by 281.9% in the third quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company's stock valued at $37,000 after buying an additional 671 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Golar LNG by 94.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company's stock valued at $56,000 after buying an additional 657 shares in the last quarter. State of Wyoming bought a new position in shares of Golar LNG in the second quarter valued at $147,000. Finally, Focus Partners Wealth bought a new position in shares of Golar LNG in the third quarter valued at $164,000. 92.21% of the stock is owned by institutional investors.

Golar LNG Trading Up 0.8%

GLNG stock opened at $54.87 on Thursday. The company has a fifty day moving average price of $47.12 and a two-hundred day moving average price of $41.58. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 85.74 and a beta of 0.11. Golar LNG Limited has a one year low of $30.75 and a one year high of $56.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.55 and a quick ratio of 2.55.

Golar LNG (NASDAQ:GLNG - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.09 EPS for the quarter. Golar LNG had a net margin of 16.69% and a return on equity of 6.24%. The business had revenue of $132.81 million for the quarter. Equities analysts anticipate that Golar LNG Limited will post 1.39 EPS for the current year.

Golar LNG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Monday, March 9th were paid a $0.25 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. Golar LNG's dividend payout ratio is 156.25%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Golar LNG in a research note on Monday, December 29th. Zacks Research raised shares of Golar LNG from a "strong sell" rating to a "hold" rating in a research note on Monday, January 5th. The Goldman Sachs Group set a $56.00 target price on shares of Golar LNG in a research note on Monday, February 2nd. BTIG Research raised their target price on shares of Golar LNG from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, February 25th. Finally, Wall Street Zen raised shares of Golar LNG from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Golar LNG currently has a consensus rating of "Moderate Buy" and an average price target of $50.50.

Golar LNG Profile

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.

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