111 Capital Makes New $248,000 Investment in Golar LNG Limited (NASDAQ:GLNG)

111 Capital bought a new position in shares of Golar LNG Limited (NASDAQ:GLNG) in the 4th quarter, HoldingsChannel reports. The fund bought 5,862 shares of the shipping company’s stock, valued at approximately $248,000.

Several other hedge funds also recently bought and sold shares of the stock. Teza Capital Management LLC purchased a new position in Golar LNG during the fourth quarter worth about $2,652,000. Toronto Dominion Bank purchased a new position in Golar LNG during the fourth quarter worth about $1,185,000. Sagefield Capital LP purchased a new position in Golar LNG during the fourth quarter worth about $8,725,000. ProShare Advisors LLC boosted its stake in Golar LNG by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 27,871 shares of the shipping company’s stock worth $1,180,000 after buying an additional 9,169 shares during the period. Finally, Naria Inc. purchased a new position in Golar LNG during the fourth quarter worth about $435,226,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GLNG shares. Wall Street Zen raised shares of Golar LNG to a “sell” rating in a research report on Thursday, March 20th. Fearnley Fonds raised shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. DNB Markets raised shares of Golar LNG from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, April 22nd. BTIG Research reissued a “buy” rating on shares of Golar LNG in a research report on Wednesday. Finally, Dnb Nor Markets raised shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $49.70.

Golar LNG Stock Down 0.9%

Shares of NASDAQ:GLNG opened at $41.44 on Friday. The firm’s 50 day moving average price is $38.12 and its 200 day moving average price is $39.12. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 296.02 and a beta of 0.62. Golar LNG Limited has a fifty-two week low of $25.50 and a fifty-two week high of $44.36.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Tuesday, May 27th. The shipping company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09. The firm had revenue of $63.00 million for the quarter, compared to analysts’ expectations of $64.90 million. Golar LNG had a net margin of 4.92% and a return on equity of 9.12%. On average, equities analysts anticipate that Golar LNG Limited will post 1.39 EPS for the current year.

Golar LNG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, June 3rd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $1.00 annualized dividend and a yield of 2.41%. Golar LNG’s dividend payout ratio (DPR) is 208.33%.

Golar LNG Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.