Huber Capital Management LLC Has $16.56 Million Holdings in Golar LNG Limited (NASDAQ:GLNG)

Huber Capital Management LLC cut its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 528,193 shares of the shipping company’s stock after selling 76,586 shares during the quarter. Golar LNG makes up about 3.8% of Huber Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Huber Capital Management LLC owned about 0.51% of Golar LNG worth $16,559,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GLNG. Lowe Wealth Advisors LLC purchased a new position in Golar LNG in the 2nd quarter worth approximately $45,000. Banque Cantonale Vaudoise raised its position in shares of Golar LNG by 11.1% during the second quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock valued at $132,000 after buying an additional 417 shares during the last quarter. Lake Hills Wealth Management LLC purchased a new position in shares of Golar LNG in the second quarter worth $212,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Golar LNG during the second quarter worth $249,000. Finally, Terril Brothers Inc. purchased a new position in Golar LNG during the second quarter valued at $263,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Stock Performance

NASDAQ:GLNG opened at $34.11 on Friday. The firm has a market capitalization of $3.57 billion, a PE ratio of 32.49 and a beta of 0.58. The stock’s fifty day moving average is $33.19 and its 200 day moving average is $28.82. Golar LNG Limited has a fifty-two week low of $19.94 and a fifty-two week high of $36.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24.

Golar LNG (NASDAQ:GLNG) last announced its earnings results on Thursday, August 15th. The shipping company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The firm had revenue of $62.98 million during the quarter, compared to analysts’ expectations of $67.38 million. Golar LNG had a net margin of 50.89% and a return on equity of 9.20%. On average, sell-side analysts anticipate that Golar LNG Limited will post 1.56 earnings per share for the current year.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 26th. This represents a $1.00 annualized dividend and a dividend yield of 2.93%. Golar LNG’s dividend payout ratio (DPR) is presently 95.24%.

Analyst Ratings Changes

Several analysts have commented on the stock. BTIG Research boosted their price target on shares of Golar LNG from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. B. Riley raised their price target on Golar LNG from $35.50 to $44.50 and gave the company a “buy” rating in a report on Friday, July 19th. Stifel Nicolaus decreased their price objective on Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, August 16th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Golar LNG has a consensus rating of “Moderate Buy” and a consensus price target of $45.10.

About Golar LNG

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.