Golar LNG Limited (NASDAQ:GLNG) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 26,805.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,112 shares of the shipping company’s stock after buying an additional 5,093 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Golar LNG were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Raymond James & Associates bought a new stake in shares of Golar LNG in the 3rd quarter worth approximately $275,000. Cable Hill Partners LLC acquired a new stake in Golar LNG in the third quarter worth $228,000. Levin Capital Strategies L.P. lifted its stake in Golar LNG by 57.4% in the third quarter. Levin Capital Strategies L.P. now owns 48,000 shares of the shipping company’s stock valued at $1,164,000 after buying an additional 17,500 shares during the last quarter. M&T Bank Corp bought a new position in shares of Golar LNG during the third quarter worth about $235,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Golar LNG by 37.1% in the 3rd quarter. Principal Financial Group Inc. now owns 14,705 shares of the shipping company’s stock worth $357,000 after acquiring an additional 3,976 shares during the period. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th.

Golar LNG Price Performance

Shares of GLNG opened at $25.81 on Friday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of -60.02 and a beta of 0.62. The stock’s fifty day moving average is $24.18 and its 200-day moving average is $22.80. Golar LNG Limited has a one year low of $19.62 and a one year high of $26.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 1.49.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings results on Thursday, February 29th. The shipping company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.40. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. The company had revenue of $78.65 million for the quarter, compared to the consensus estimate of $76.85 million. Equities analysts anticipate that Golar LNG Limited will post 1.65 EPS for the current year.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Monday, March 11th. Golar LNG’s dividend payout ratio is presently -232.56%.

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.