16,024 Shares in Golar LNG Limited $GLNG Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in Golar LNG Limited (NASDAQ:GLNG) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 16,024 shares of the shipping company’s stock, valued at approximately $596,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Golar LNG by 278.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 484 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Golar LNG by 281.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 671 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Golar LNG by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after purchasing an additional 657 shares in the last quarter. Amplify Investments LLC lifted its holdings in Golar LNG by 21.4% in the 4th 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 in the last quarter. Finally, State of Wyoming purchased a new position in Golar LNG in the 2nd quarter valued at about $147,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GLNG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $65.00 target price on shares of Golar LNG in a report on Thursday, May 21st. Wall Street Zen upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. BTIG Research restated a “buy” rating and issued a $67.00 target price on shares of Golar LNG in a report on Wednesday, May 20th. Weiss Ratings upgraded shares of Golar LNG from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Finally, Pareto Securities lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.70.

Golar LNG Trading Up 0.2%

NASDAQ GLNG opened at $50.83 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 50-day moving average of $53.50 and a 200-day moving average of $45.88. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.57 and a quick ratio of 2.57. The company has a market cap of $5.15 billion, a P/E ratio of 36.83 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 net margin of 30.10% and a return on equity of 6.86%. The company had revenue of $137.55 million during the quarter. As a group, equities analysts predict that Golar LNG Limited will post 0.72 earnings per share for the current year.

Golar LNG Announces Dividend

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