1,400,000 Shares in Golar LNG Limited $GLNG Bought by Danske Bank A S

Danske Bank A S bought a new position in shares of Golar LNG Limited (NASDAQ:GLNG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,400,000 shares of the shipping company’s stock, valued at approximately $56,574,000.

Several other large investors also recently modified their holdings of GLNG. Amundi grew its position in shares of Golar LNG by 29.6% in the 1st quarter. Amundi now owns 19,586 shares of the shipping company’s stock valued at $744,000 after purchasing an additional 4,468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Golar LNG by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,915 shares of the shipping company’s stock worth $2,238,000 after buying an additional 2,572 shares during the period. Bank of New York Mellon Corp raised its holdings in Golar LNG by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 285,500 shares of the shipping company’s stock worth $11,760,000 after buying an additional 9,963 shares during the period. Savant Capital LLC bought a new position in Golar LNG in the second quarter valued at approximately $243,000. Finally, Allworth Financial LP boosted its holdings in shares of Golar LNG by 43.5% in the second quarter. Allworth Financial LP now owns 990 shares of the shipping company’s stock valued at $41,000 after buying an additional 300 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Golar LNG Price Performance

NASDAQ:GLNG opened at $47.98 on Thursday. The firm has a fifty day simple moving average of $42.82 and a 200 day simple moving average of $40.27. Golar LNG Limited has a 1-year low of $29.56 and a 1-year high of $48.00. The stock has a market capitalization of $5.02 billion, a PE ratio of 74.97 and a beta of 0.18. The company has a current ratio of 2.55, a quick ratio of 1.32 and a debt-to-equity ratio of 1.19.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Wednesday, February 25th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08). The firm had revenue of $132.81 million during the quarter, compared to analyst estimates of $123.29 million. Golar LNG had a net margin of 16.69% and a return on equity of 6.24%. On average, research analysts expect that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Monday, March 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 2.1%. Golar LNG’s dividend payout ratio (DPR) is currently 156.25%.

Wall Street Analyst Weigh In

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

Golar LNG Profile

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.