Golar LNG Limited $GLNG Shares Bought by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd raised its stake in Golar LNG Limited (NASDAQ:GLNG) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 161,319 shares of the shipping company’s stock after purchasing an additional 10,300 shares during the period. Golar LNG comprises 2.1% of AYAL Capital Advisors Ltd’s portfolio, making the stock its 10th largest holding. AYAL Capital Advisors Ltd’s holdings in Golar LNG were worth $6,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Golar LNG by 278.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock worth $27,000 after buying an additional 484 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Golar LNG by 281.9% during the third quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock worth $37,000 after buying an additional 671 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Golar LNG during the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC boosted its stake in shares of Golar LNG by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock worth $56,000 after buying an additional 657 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Golar LNG during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Trading Down 0.3%

Shares of Golar LNG stock opened at $49.45 on Thursday. Golar LNG Limited has a 12-month low of $35.02 and a 12-month high of $57.79. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.14. The stock has a market cap of $5.01 billion, a PE ratio of 35.83 and a beta of 0.02. The company has a 50-day moving average of $53.06 and a two-hundred day moving average of $46.37.

Golar LNG (NASDAQ:GLNG) last issued its earnings results 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. On average, research analysts anticipate 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. Shareholders of record on Monday, June 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. Golar LNG’s dividend payout ratio (DPR) is 72.46%.

Analyst Upgrades and Downgrades

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

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.