IFP Advisors Inc Decreases Stake in Golar LNG Limited (NASDAQ:GLNG)

IFP Advisors Inc lessened its stake in Golar LNG Limited (NASDAQ:GLNG – Get Rating) by 82.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 402 shares of the shipping company’s stock after selling 1,867 shares during the quarter. IFP Advisors Inc’s holdings in Golar LNG were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLNG. Atlas Capital Advisors LLC purchased a new position in Golar LNG in the 3rd quarter worth approximately $31,000. Cohanzick Management LLC purchased a new position in Golar LNG in the 1st quarter worth approximately $37,000. Captrust Financial Advisors boosted its holdings in Golar LNG by 1,152.5% in the 1st quarter. Captrust Financial Advisors now owns 2,292 shares of the shipping company’s stock worth $57,000 after acquiring an additional 2,109 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Golar LNG in the 3rd quarter worth approximately $92,000. Finally, U S Global Investors Inc. purchased a new position in Golar LNG in the 3rd quarter worth approximately $100,000. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Golar LNG Stock Performance

Golar LNG stock opened at $21.73 on Friday. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.29. The stock has a market cap of $2.33 billion, a P/E ratio of 3.24 and a beta of 0.67. Golar LNG Limited has a 52 week low of $20.01 and a 52 week high of $30.66. The stock has a 50 day moving average of $21.43 and a 200-day moving average of $22.89.

Analyst Ratings Changes

Several equities analysts have recently commented on GLNG shares. Stifel Nicolaus reduced their target price on Golar LNG from $35.00 to $34.00 in a research note on Monday, April 24th. StockNews.com started coverage on Golar LNG in a research note on Thursday. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

About Golar LNG

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Golar LNG Ltd. owns and operates liquefied natural gas carriers, floating storage, and regasification unit. It operates through the following segments: Vessel Operations, FLNG, and Power. The Vessel Operations segment operates and charter out vessels on fixed terms to customers. The FLNG segment provides integrated upstream and midstream solution for the development of gas reserves to LNG.