UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Invests $44.68 Million in Golar LNG Limited $GLNG

Key Points

• UBS Asset Management recently invested $44.68 million in Golar LNG, acquiring over 1.17 million shares, and now holds a 1.13% stake in the company.
• Golar LNG reported earnings per share of $0.26 in its last quarter, falling short of the $0.29 consensus estimate, with revenue also below expectations at $75.67 million.
• The company announced a quarterly dividend of $0.25, translating to an annualized dividend yield of 2.5%, despite having a high dividend payout ratio of -1,428.57%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,176,139 shares of the shipping company's stock, valued at approximately $44,682,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.13% of Golar LNG as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hexagon Capital Partners LLC boosted its position in shares of Golar LNG by 358.9% in 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 in the last quarter. Quarry LP purchased a new position in shares of Golar LNG during the 1st quarter valued at about $26,000. SVB Wealth LLC purchased a new position in shares of Golar LNG during the 1st quarter valued at about $31,000. 111 Capital purchased a new position in shares of Golar LNG during the 4th quarter valued at about $248,000. Finally, Principal Financial Group Inc. increased its stake in shares of Golar LNG by 20.2% in the 1st quarter. Principal Financial Group Inc. now owns 6,561 shares of the shipping company's stock valued at $249,000 after purchasing an additional 1,103 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Stock Up 0.0%

GLNG stock opened at $40.67 on Monday. Golar LNG Limited has a one year low of $29.56 and a one year high of $45.98. The company has a 50 day moving average price of $41.68 and a two-hundred day moving average price of $39.68. The stock has a market capitalization of $4.25 billion, a P/E ratio of -580.92 and a beta of 0.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.47.

Golar LNG (NASDAQ:GLNG - Get Free Report) last posted its earnings results on Thursday, August 14th. The shipping company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $75.67 million for the quarter, compared to analyst estimates of $79.37 million. Golar LNG had a negative net margin of 2.83% and a positive return on equity of 6.36%. 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 announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 26th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, August 26th. Golar LNG's dividend payout ratio is -1,428.57%.

Analyst Ratings Changes

GLNG has been the subject of several research reports. BTIG Research reiterated a "buy" rating on shares of Golar LNG in a research note on Wednesday, May 28th. Wall Street Zen upgraded Golar LNG from a "sell" rating to a "hold" rating in a report on Sunday, September 7th. B. Riley restated a "neutral" rating and set a $44.50 price target on shares of Golar LNG in a research note on Monday, August 25th. Finally, Zacks Research cut Golar LNG from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $49.17.

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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