23,672 Shares in Golar LNG Limited (NASDAQ:GLNG) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a new stake in Golar LNG Limited, purchasing 23,672 shares valued at approximately $899,000.
• Golar LNG recently announced a quarterly dividend of $0.25 per share, representing an annual yield of 2.5% and a payout ratio of 3,333.33%.
• Analysts have mixed ratings for Golar LNG, with Dnb Nor Markets upgrading it to a "strong-buy" and a consensus price target of $53.00.

XTX Topco Ltd bought a new stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,672 shares of the shipping company's stock, valued at approximately $899,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Maridea Wealth Management LLC lifted its stake in shares of Golar LNG by 22.7% in the first quarter. Maridea Wealth Management LLC now owns 18,948 shares of the shipping company's stock worth $720,000 after buying an additional 3,501 shares in the last quarter. Texas Yale Capital Corp. raised its stake in shares of Golar LNG by 809.0% in the first quarter. Texas Yale Capital Corp. now owns 75,450 shares of the shipping company's stock worth $2,866,000 after purchasing an additional 67,150 shares during the last quarter. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Golar LNG by 141.3% during the first quarter. Mountain Hill Investment Partners Corp. now owns 13,662 shares of the shipping company's stock valued at $519,000 after purchasing an additional 8,000 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Golar LNG in the 1st quarter worth about $3,111,000. Finally, Westmount Partners LLC raised its holdings in shares of Golar LNG by 70.8% during the first quarter. Westmount Partners LLC now owns 12,064 shares of the shipping company's stock valued at $458,000 after purchasing an additional 5,002 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GLNG shares. Dnb Nor Markets upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Wall Street Zen cut Golar LNG from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. 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 report on Tuesday, April 22nd. Finally, BTIG Research reaffirmed a "buy" rating on shares of Golar LNG in a research report on Wednesday, May 28th. One equities research 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.com, the stock currently has an average rating of "Buy" and a consensus price target of $53.00.

Golar LNG Price Performance

Shares of GLNG stock traded down $0.37 during trading hours on Wednesday, hitting $41.41. The stock had a trading volume of 872,279 shares, compared to its average volume of 849,318. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 1,380.79 and a beta of 0.56. Golar LNG Limited has a one year low of $29.56 and a one year high of $44.36. The stock's 50-day moving average price is $41.31 and its two-hundred day moving average price is $39.34.

Golar LNG (NASDAQ:GLNG - Get Free Report) last released its quarterly earnings data 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 net margin of 1.04% and a return on equity of 6.82%. The business had revenue of $63.00 million during the quarter, compared to analyst estimates of $64.90 million. Equities analysts forecast 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 Tuesday, June 10th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 3rd. Golar LNG's dividend payout ratio (DPR) is currently 3,333.33%.

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.