Skandinaviska Enskilda Banken AB publ acquired a new stake in Golar LNG Limited (NASDAQ:GLNG – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the shipping company’s stock, valued at approximately $1,080,000.
A number of other institutional investors and hedge funds have also bought and sold shares of GLNG. BlackRock Inc. grew its holdings in Golar LNG by 1.3% during the 3rd quarter. BlackRock Inc. now owns 5,135,244 shares of the shipping company’s stock worth $127,971,000 after acquiring an additional 68,288 shares during the period. Millennium Management LLC grew its holdings in Golar LNG by 241.0% during the 4th quarter. Millennium Management LLC now owns 3,242,059 shares of the shipping company’s stock worth $73,887,000 after acquiring an additional 2,291,392 shares during the period. Goldman Sachs Group Inc. grew its holdings in Golar LNG by 324.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,582,678 shares of the shipping company’s stock worth $58,756,000 after acquiring an additional 1,974,914 shares during the period. State Street Corp grew its holdings in Golar LNG by 2.0% during the 3rd quarter. State Street Corp now owns 1,649,322 shares of the shipping company’s stock worth $41,101,000 after acquiring an additional 33,036 shares during the period. Finally, Steinberg Asset Management LLC grew its holdings in Golar LNG by 0.3% during the 4th quarter. Steinberg Asset Management LLC now owns 1,436,593 shares of the shipping company’s stock worth $32,740,000 after acquiring an additional 5,000 shares during the period. 89.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
GLNG has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Golar LNG in a report on Thursday, August 17th. They set a “hold” rating for the company. Wolfe Research cut shares of Golar LNG from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.88.
Golar LNG Trading Up 0.9 %
Shares of NASDAQ GLNG opened at $21.51 on Monday. Golar LNG Limited has a fifty-two week low of $19.62 and a fifty-two week high of $29.89. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $22.45 and its 200 day simple moving average is $22.07.
Golar LNG (NASDAQ:GLNG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 30th. The shipping company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.39). The company had revenue of $73.73 million for the quarter, compared to analyst estimates of $72.97 million. As a group, research analysts forecast that Golar LNG Limited will post 1.62 EPS for the current fiscal year.
Golar LNG Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Monday, August 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%.
Golar LNG Company Profile
Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management.
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