Golar LNG Limited $GLNG Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its position in Golar LNG Limited (NASDAQ:GLNG) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,383 shares of the shipping company’s stock after purchasing an additional 685 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Golar LNG were worth $551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP boosted its holdings in Golar LNG by 577.8% in the 1st quarter. Quantbot Technologies LP now owns 181,123 shares of the shipping company’s stock valued at $6,881,000 after purchasing an additional 154,402 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Golar LNG by 19.7% in the 1st quarter. Intech Investment Management LLC now owns 57,455 shares of the shipping company’s stock worth $2,183,000 after acquiring an additional 9,456 shares during the last quarter. Principal Financial Group Inc. lifted its holdings 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 worth $249,000 after acquiring an additional 1,103 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Golar LNG by 4.1% in the 1st quarter. Russell Investments Group Ltd. now owns 61,990 shares of the shipping company’s stock worth $2,355,000 after acquiring an additional 2,435 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its holdings in shares of Golar LNG by 213.3% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 22,756 shares of the shipping company’s stock worth $937,000 after acquiring an additional 15,493 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GLNG has been the topic of several recent analyst reports. Citigroup began coverage on shares of Golar LNG in a report on Friday, October 10th. They issued a “buy” rating and a $51.00 price objective on the stock. Zacks Research upgraded shares of Golar LNG from a “strong sell” rating to a “hold” rating in a report on Friday, September 12th. Wall Street Zen upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research note on Sunday, September 7th. B. Riley reissued a “neutral” rating and set a $44.50 price objective on shares of Golar LNG in a research report on Monday, August 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Golar LNG in a research report on Monday, September 29th. They set a “buy” rating and a $54.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $50.50.

Golar LNG Stock Down 0.7%

Shares of NASDAQ GLNG opened at $38.12 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of -544.49 and a beta of 0.22. The firm has a 50-day moving average price of $40.92 and a 200 day moving average price of $40.31. Golar LNG Limited has a 52 week low of $29.56 and a 52 week high of $45.98.

Golar LNG (NASDAQ:GLNG) last announced its earnings results on Thursday, August 14th. The shipping company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 6.36% and a negative net margin of 2.83%. Equities research analysts anticipate that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 26th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 26th. Golar LNG’s payout ratio is currently -1,428.57%.

Golar LNG 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.