Golar LNG Limited $GLNG Stock Holdings Increased by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd lifted its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,319 shares of the shipping company’s stock after acquiring an additional 10,300 shares during the quarter. Golar LNG accounts for about 2.1% of AYAL Capital Advisors Ltd’s portfolio, making the stock its 10th largest position. AYAL Capital Advisors Ltd owned 0.15% of Golar LNG worth $6,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GLNG. Danske Bank A S purchased a new stake in shares of Golar LNG during the third quarter worth $56,574,000. Verbena Value LP purchased a new stake in shares of Golar LNG during the fourth quarter worth $38,497,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Golar LNG during the second quarter worth $24,714,000. Appian Way Asset Management LP increased its position in shares of Golar LNG by 34.8% during the third quarter. Appian Way Asset Management LP now owns 1,633,582 shares of the shipping company’s stock worth $66,013,000 after acquiring an additional 421,375 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Golar LNG by 153.1% during the second quarter. Canada Pension Plan Investment Board now owns 602,434 shares of the shipping company’s stock worth $24,814,000 after acquiring an additional 364,421 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Performance

Shares of GLNG stock opened at $49.45 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.14. Golar LNG Limited has a 12 month low of $35.02 and a 12 month high of $57.79. The company has a market cap of $5.01 billion, a P/E ratio of 35.83 and a beta of 0.02. The firm has a fifty day moving average price of $53.06 and a 200 day moving average price of $46.37.

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

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, June 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, June 1st. Golar LNG’s dividend payout ratio is currently 72.46%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GLNG. Weiss Ratings raised Golar LNG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Pareto Securities downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. BTIG Research reiterated a “buy” rating and set a $67.00 target price on shares of Golar LNG in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $65.00 target price on shares of Golar LNG in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Golar LNG currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.70.

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.