SG Americas Securities LLC Has $1.16 Million Holdings in Golar LNG Limited $GLNG

SG Americas Securities LLC lifted its holdings in Golar LNG Limited (NASDAQ:GLNG) by 289.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,142 shares of the shipping company’s stock after acquiring an additional 23,143 shares during the period. SG Americas Securities LLC’s holdings in Golar LNG were worth $1,159,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Golar LNG by 278.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock valued at $27,000 after acquiring an additional 484 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Golar LNG by 281.9% in the third quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock valued at $37,000 after acquiring an additional 671 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Golar LNG by 94.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after acquiring an additional 657 shares in the last quarter. State of Wyoming acquired a new position in shares of Golar LNG in the second quarter valued at about $147,000. Finally, Focus Partners Wealth acquired a new position in Golar LNG in the third quarter valued at about $164,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Stock Up 0.8%

GLNG stock opened at $54.87 on Thursday. The company has a market cap of $5.56 billion, a PE ratio of 85.74 and a beta of 0.11. The business has a 50-day simple moving average of $47.12 and a 200 day simple moving average of $41.58. Golar LNG Limited has a 52 week low of $30.75 and a 52 week high of $56.81. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.19.

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

Golar LNG Announces Dividend

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

Analyst Ratings Changes

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