Sei Investments Co. lifted its stake in Golar LNG Limited (NASDAQ:GLNG) by 19.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,511 shares of the shipping company’s stock after acquiring an additional 1,054 shares during the quarter. Sei Investments Co.’s holdings in Golar LNG Limited were worth $145,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in Golar LNG Limited by 1.1% during the first quarter. Comerica Bank now owns 9,250 shares of the shipping company’s stock worth $239,000 after purchasing an additional 105 shares during the period. Loomis Sayles & Co. L P grew its holdings in Golar LNG Limited by 1.7% during the first quarter. Loomis Sayles & Co. L P now owns 18,906 shares of the shipping company’s stock worth $528,000 after purchasing an additional 319 shares during the period. Fernwood Investment Management LLC grew its holdings in Golar LNG Limited by 0.6% during the first quarter. Fernwood Investment Management LLC now owns 78,050 shares of the shipping company’s stock worth $2,180,000 after purchasing an additional 450 shares during the period. Quantbot Technologies LP grew its holdings in Golar LNG Limited by 18.0% during the first quarter. Quantbot Technologies LP now owns 3,644 shares of the shipping company’s stock worth $101,000 after purchasing an additional 557 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Golar LNG Limited by 2.2% during the first quarter. Parametric Portfolio Associates LLC now owns 87,536 shares of the shipping company’s stock worth $2,445,000 after purchasing an additional 1,852 shares during the period. 87.51% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. ValuEngine cut Golar LNG Limited from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and set a $31.00 price target (down previously from $32.00) on shares of Golar LNG Limited in a report on Friday, September 1st. Cowen and Company reiterated an “outperform” rating and set a $45.00 price target on shares of Golar LNG Limited in a report on Thursday, August 31st. Stifel Nicolaus reiterated a “buy” rating and set a $36.00 price target on shares of Golar LNG Limited in a report on Monday, August 21st. Finally, Citigroup Inc. reduced their price target on Golar LNG Limited from $28.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $34.00.
Shares of Golar LNG Limited (NASDAQ GLNG) opened at 20.84 on Wednesday. The stock’s 50 day moving average price is $21.69 and its 200-day moving average price is $24.45. Golar LNG Limited has a one year low of $19.85 and a one year high of $29.18. The company’s market cap is $2.04 billion.
Golar LNG Limited (NASDAQ:GLNG) last released its earnings results on Wednesday, August 30th. The shipping company reported ($0.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.11). Golar LNG Limited had a negative net margin of 179.35% and a negative return on equity of 7.78%. The company had revenue of $28.41 million for the quarter, compared to the consensus estimate of $17.03 million. On average, analysts expect that Golar LNG Limited will post ($1.87) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Wednesday, September 13th.
Golar LNG Limited Company Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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