Thompson Siegel & Walmsley LLC Increases Stake in Golar LNG Limited $GLNG

Thompson Siegel & Walmsley LLC raised its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 9.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 285,076 shares of the shipping company’s stock after acquiring an additional 24,576 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Golar LNG were worth $10,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLNG. Amundi increased its holdings in Golar LNG by 29.6% during the first quarter. Amundi now owns 19,586 shares of the shipping company’s stock valued at $744,000 after buying an additional 4,468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Golar LNG by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,915 shares of the shipping company’s stock valued at $2,238,000 after buying an additional 2,572 shares during the last quarter. Legal & General Group Plc increased its holdings in Golar LNG by 2.8% during the second quarter. Legal & General Group Plc now owns 17,100 shares of the shipping company’s stock valued at $704,000 after buying an additional 459 shares during the last quarter. Prudential Financial Inc. increased its holdings in Golar LNG by 68.4% during the second quarter. Prudential Financial Inc. now owns 11,689 shares of the shipping company’s stock valued at $481,000 after buying an additional 4,746 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Golar LNG by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after buying an additional 657 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Price Performance

Shares of NASDAQ:GLNG opened at $50.59 on Tuesday. 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 firm has a fifty day moving average price of $53.88 and a 200 day moving average price of $45.20. Golar LNG Limited has a fifty-two week low of $35.02 and a fifty-two week high of $57.79. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 36.66 and a beta of 0.02.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Thursday, March 26th. The shipping company reported $0.82 earnings per share for the quarter. Golar LNG had a net margin of 30.10% and a return on equity of 6.86%. The firm had revenue of $137.55 million during the quarter. As a group, sell-side analysts expect that Golar LNG Limited will post 0.72 earnings per share for the current fiscal year.

Golar LNG Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on GLNG shares. BTIG Research reaffirmed a “buy” rating and set a $67.00 target price on shares of Golar LNG in a report on Wednesday, May 20th. Pareto Securities lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $65.00 price target on shares of Golar LNG in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, The Goldman Sachs Group set a $56.00 price target on shares of Golar LNG in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Golar LNG presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.70.

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.