Golar LNG Limited $GLNG Holdings Lifted by Tejara Capital Ltd

Tejara Capital Ltd grew its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 87.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 369,026 shares of the shipping company’s stock after buying an additional 172,500 shares during the period. Golar LNG accounts for 3.2% of Tejara Capital Ltd’s investment portfolio, making the stock its 2nd largest position. Tejara Capital Ltd owned about 0.35% of Golar LNG worth $13,731,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GLNG. Freemont Management S.A. lifted its holdings in Golar LNG by 197.1% during the fourth quarter. Freemont Management S.A. now owns 20,800 shares of the shipping company’s stock valued at $774,000 after purchasing an additional 13,800 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Golar LNG by 3.8% in the fourth quarter. First Eagle Investment Management LLC now owns 293,472 shares of the shipping company’s stock worth $10,920,000 after purchasing an additional 10,700 shares in the last quarter. F m Investments LLC purchased a new position in shares of Golar LNG in the fourth quarter worth about $269,000. Amplify Investments LLC raised its position in shares of Golar LNG by 21.4% in the fourth quarter. Amplify Investments LLC now owns 2,686 shares of the shipping company’s stock valued at $105,000 after purchasing an additional 474 shares during the period. Finally, Levin Capital Strategies L.P. lifted its stake in shares of Golar LNG by 16.3% during the 4th quarter. Levin Capital Strategies L.P. now owns 519,088 shares of the shipping company’s stock valued at $19,315,000 after buying an additional 72,761 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Price Performance

GLNG stock opened at $57.22 on Friday. The firm has a 50 day moving average of $52.29 and a 200-day moving average of $44.13. The firm has a market capitalization of $5.80 billion, a P/E ratio of 89.41 and a beta of 0.06. 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 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.19.

Golar LNG (NASDAQ:GLNG) last posted its earnings results on Saturday, February 14th. The shipping company reported $0.09 earnings per share for the quarter. Golar LNG had a net margin of 16.69% and a return on equity of 6.24%. The business had revenue of $132.81 million for the quarter. As a group, sell-side analysts predict that Golar LNG Limited will post 0.58 earnings per share for the current fiscal year.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Monday, March 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Golar LNG’s dividend payout ratio is presently 156.25%.

Analyst Ratings Changes

Several research analysts recently commented on GLNG shares. The Goldman Sachs Group set a $56.00 price objective on shares of Golar LNG in a report on Monday, February 2nd. Wall Street Zen downgraded Golar LNG from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, BTIG Research raised their price target on Golar LNG from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.13.

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.