Golar LNG Limited $GLNG Position Raised by Hound Partners LLC

Hound Partners LLC increased its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 28.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 653,595 shares of the shipping company’s stock after purchasing an additional 145,872 shares during the period. Golar LNG accounts for approximately 3.6% of Hound Partners LLC’s portfolio, making the stock its 8th largest position. Hound Partners LLC owned 0.63% of Golar LNG worth $26,922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Golar LNG by 43.5% in the 2nd quarter. Allworth Financial LP now owns 990 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 300 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Golar LNG by 64.6% in the second quarter. Signaturefd LLC now owns 856 shares of the shipping company’s stock valued at $35,000 after acquiring an additional 336 shares during the period. Fox Run Management L.L.C. boosted its holdings in shares of Golar LNG by 5.4% in the first quarter. Fox Run Management L.L.C. now owns 7,115 shares of the shipping company’s stock valued at $270,000 after acquiring an additional 362 shares during the period. Metis Global Partners LLC grew its position in shares of Golar LNG by 6.1% during the second quarter. Metis Global Partners LLC now owns 6,829 shares of the shipping company’s stock worth $281,000 after acquiring an additional 395 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Golar LNG by 5.7% in the 1st quarter. Vident Advisory LLC now owns 7,766 shares of the shipping company’s stock valued at $295,000 after acquiring an additional 419 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. BTIG Research restated a “buy” rating and issued a $50.00 price objective on shares of Golar LNG in a research note on Wednesday, November 5th. B. Riley reiterated a “neutral” rating and issued a $44.50 target price on shares of Golar LNG in a research note on Monday, August 25th. Citigroup started coverage on shares of Golar LNG in a research note on Friday, October 10th. They issued a “buy” rating and a $51.00 price objective on the stock. Zacks Research cut shares of Golar LNG from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, The Goldman Sachs Group assumed coverage on Golar LNG in a research note on Monday, September 29th. They set a “buy” rating and a $54.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.42.

Golar LNG Stock Performance

NASDAQ GLNG opened at $36.99 on Friday. The business has a 50 day moving average price of $38.36 and a 200 day moving average price of $40.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $3.87 billion, a P/E ratio of 64.90 and a beta of 0.18. Golar LNG Limited has a 1-year low of $29.56 and a 1-year high of $45.98.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, November 17th. Golar LNG’s dividend payout ratio (DPR) is 175.44%.

Golar LNG Company 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.