Huber Capital Management LLC Increases Stock Holdings in Golar LNG Limited $GLNG

Huber Capital Management LLC raised its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 22.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,129,385 shares of the shipping company’s stock after acquiring an additional 205,667 shares during the period. Golar LNG makes up 6.2% of Huber Capital Management LLC’s holdings, making the stock its largest position. Huber Capital Management LLC owned approximately 1.08% of Golar LNG worth $42,024,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLNG. Amundi raised its stake in Golar LNG by 29.6% during the 1st quarter. Amundi now owns 19,586 shares of the shipping company’s stock valued at $744,000 after acquiring an additional 4,468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Golar LNG by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,915 shares of the shipping company’s stock valued at $2,238,000 after acquiring an additional 2,572 shares in the last quarter. Legal & General Group Plc raised its stake in Golar LNG by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 17,100 shares of the shipping company’s stock valued at $704,000 after acquiring an additional 459 shares in the last quarter. Prudential Financial Inc. raised its stake in Golar LNG by 68.4% during the 2nd quarter. Prudential Financial Inc. now owns 11,689 shares of the shipping company’s stock valued at $481,000 after acquiring an additional 4,746 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Golar LNG by 94.0% during the 2nd 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. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

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

Golar LNG Stock Up 1.2%

GLNG opened at $51.17 on Friday. Golar LNG Limited has a one year low of $35.02 and a one year high of $57.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.57 and a current ratio of 2.57. The stock’s fifty day moving average is $53.38 and its 200-day moving average is $46.01. The company has a market capitalization of $5.18 billion, a PE ratio of 37.08 and a beta of 0.02.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data 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 for the quarter. On average, equities analysts predict that Golar LNG Limited will post 0.72 EPS for the current fiscal year.

Golar LNG Announces Dividend

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

About Golar LNG

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.