Texas Yale Capital Corp. Has $2.87 Million Stake in Golar LNG Limited (NASDAQ:GLNG)

Key Points

• Texas Yale Capital Corp. increased its stake in Golar LNG Limited by 809.0% during the first quarter, owning 75,450 shares valued at approximately $2.87 million.
• Golar LNG received a mix of analyst ratings, with DNB Markets upgrading it to a "buy" and setting a price target of $48, while one analyst downgraded it to a "sell".
• The company announced a quarterly dividend of $0.25 per share, representing a 2.47% yield, and reported earnings of $0.38 EPS for the last quarter, surpassing expectations.

Texas Yale Capital Corp. grew its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 809.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,450 shares of the shipping company's stock after acquiring an additional 67,150 shares during the quarter. Texas Yale Capital Corp. owned 0.07% of Golar LNG worth $2,866,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Naria Inc. acquired a new position in Golar LNG during the fourth quarter worth about $435,226,000. Millennium Management LLC increased its stake in shares of Golar LNG by 49.2% in the fourth quarter. Millennium Management LLC now owns 4,638,045 shares of the shipping company's stock valued at $196,282,000 after buying an additional 1,529,884 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Golar LNG in the fourth quarter valued at approximately $55,413,000. Vanguard Group Inc. increased its stake in shares of Golar LNG by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company's stock valued at $46,260,000 after buying an additional 18,475 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Golar LNG by 56.3% in the fourth quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock valued at $37,573,000 after buying an additional 319,677 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GLNG shares. DNB Markets raised Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research note on Tuesday, April 22nd. Wall Street Zen downgraded Golar LNG from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. BTIG Research reaffirmed a "buy" rating on shares of Golar LNG in a research note on Wednesday, May 28th. Finally, Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $53.00.

Golar LNG Stock Performance

Shares of GLNG stock opened at $40.54 on Monday. The business's 50 day simple moving average is $40.96 and its 200 day simple moving average is $39.34. Golar LNG Limited has a one year low of $29.29 and a one year high of $44.36. The stock has a market capitalization of $4.24 billion, a PE ratio of 1,351.78 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.85.

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

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, June 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.47%. The ex-dividend date was Tuesday, June 3rd. Golar LNG's payout ratio is presently 3,333.33%.

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.

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