Golar LNG Limited $GLNG Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC decreased its position in Golar LNG Limited (NASDAQ:GLNG) by 77.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,090 shares of the shipping company’s stock after selling 10,456 shares during the period. FNY Investment Advisers LLC’s holdings in Golar LNG were worth $114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in Golar LNG by 278.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 484 shares during the period. Smartleaf Asset Management LLC increased its position in Golar LNG by 281.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock worth $37,000 after purchasing an additional 671 shares during the period. EverSource Wealth Advisors LLC increased its position in Golar LNG by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock worth $56,000 after purchasing an additional 657 shares during the period. State of Wyoming purchased a new position in shares of Golar LNG during the 2nd quarter worth approximately $147,000. Finally, Focus Partners Wealth purchased a new position in shares of Golar LNG during the 3rd quarter worth approximately $164,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on GLNG. The Goldman Sachs Group set a $56.00 price target on Golar LNG in a research note on Monday, February 2nd. Wall Street Zen upgraded Golar LNG from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Golar LNG in a report on Monday, December 29th. BTIG Research upped their price target on shares of Golar LNG from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Zacks Research upgraded shares of Golar LNG from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Golar LNG Price Performance

Shares of NASDAQ:GLNG opened at $55.29 on Friday. The business’s 50 day simple moving average is $46.23 and its 200-day simple moving average is $41.26. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 86.39 and a beta of 0.11. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.55 and a quick ratio of 2.55. Golar LNG Limited has a 12 month low of $29.56 and a 12 month high of $56.21.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.09 earnings per share for the quarter. The business had revenue of $132.81 million for the quarter. Golar LNG had a return on equity of 6.24% and a net margin of 16.69%. As a group, equities analysts forecast that Golar LNG Limited will post 1.39 earnings per share for the current fiscal year.

Golar LNG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Monday, March 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.8%. Golar LNG’s dividend payout ratio is 156.25%.

About Golar LNG

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.