Atom Investors LP Has $10.51 Million Stock Holdings in Golar LNG Limited $GLNG

Atom Investors LP grew its holdings in Golar LNG Limited (NASDAQ:GLNG) by 116.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,305 shares of the shipping company’s stock after purchasing an additional 151,901 shares during the quarter. Golar LNG comprises about 0.8% of Atom Investors LP’s portfolio, making the stock its 11th biggest position. Atom Investors LP owned approximately 0.27% of Golar LNG worth $10,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Golar LNG by 50.7% in the fourth quarter. Royal Bank of Canada now owns 4,332 shares of the shipping company’s stock worth $161,000 after acquiring an additional 1,457 shares in the last quarter. Persistent Asset Partners Ltd bought a new stake in shares of Golar LNG during the fourth quarter valued at approximately $1,465,000. Militia Capital Partners LP increased its holdings in shares of Golar LNG by 3.7% during the fourth quarter. Militia Capital Partners LP now owns 45,000 shares of the shipping company’s stock valued at $1,674,000 after acquiring an additional 1,602 shares in the last quarter. Kettle Hill Capital Management LLC acquired a new position in shares of Golar LNG during the fourth quarter worth approximately $5,900,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Golar LNG during the fourth quarter worth approximately $1,700,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Golar LNG Stock Performance

Shares of GLNG opened at $49.59 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 35.94 and a beta of 0.02. The stock has a 50 day moving average of $53.19 and a 200 day moving average of $46.28. Golar LNG Limited has a 12 month low of $35.02 and a 12 month high of $57.79.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings results on Thursday, March 26th. The shipping company reported $0.82 EPS for the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%.The company had revenue of $137.55 million during the quarter. As a group, sell-side analysts forecast that Golar LNG Limited will post 0.72 earnings per share for the current year.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, June 1st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 1st. Golar LNG’s dividend payout ratio (DPR) is presently 72.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised Golar LNG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. BTIG Research reaffirmed a “buy” rating and set a $67.00 target price on shares of Golar LNG in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $65.00 target price on shares of Golar LNG in a research report on Thursday, May 21st. Pareto Securities lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen raised Golar LNG from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.70.

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.