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

FNY Investment Advisers LLC reduced its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 77.2% in the 4th quarter, HoldingsChannel.com reports. The fund 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 reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi lifted its holdings in shares of Golar LNG by 29.6% in the first quarter. Amundi now owns 19,586 shares of the shipping company’s stock valued at $744,000 after purchasing an additional 4,468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 purchasing an additional 2,572 shares during the last quarter. Legal & General Group Plc raised its position in shares of Golar LNG by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 17,100 shares of the shipping company’s stock worth $704,000 after purchasing an additional 459 shares during the last quarter. Franklin Resources Inc. lifted its stake in Golar LNG by 9.2% in the 2nd quarter. Franklin Resources Inc. now owns 13,825 shares of the shipping company’s stock valued at $569,000 after buying an additional 1,167 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Golar LNG by 68.4% in the 2nd quarter. Prudential Financial Inc. now owns 11,689 shares of the shipping company’s stock valued at $481,000 after buying an additional 4,746 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Price Performance

GLNG stock opened at $55.29 on Friday. The stock has a market capitalization of $5.60 billion, a P/E ratio of 86.39 and a beta of 0.11. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.55 and a current ratio of 2.55. Golar LNG Limited has a one year low of $29.56 and a one year high of $56.21. The company has a 50 day moving average price of $46.23 and a two-hundred day moving average price of $41.26.

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

Golar LNG Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Golar LNG Company 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.