SG Americas Securities LLC cut its stake in Golar LNG Limited (NASDAQ:GLNG – Free Report) by 96.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,260 shares of the shipping company’s stock after selling 129,184 shares during the period. SG Americas Securities LLC’s holdings in Golar LNG were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of GLNG. Lowe Wealth Advisors LLC purchased a new stake in shares of Golar LNG during the second quarter valued at $45,000. EverSource Wealth Advisors LLC grew its stake in Golar LNG by 206.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock valued at $54,000 after purchasing an additional 1,163 shares during the last quarter. Quarry LP increased its holdings in shares of Golar LNG by 1,559.3% in the second quarter. Quarry LP now owns 2,323 shares of the shipping company’s stock valued at $73,000 after purchasing an additional 2,183 shares during the period. Banque Cantonale Vaudoise raised its stake in shares of Golar LNG by 11.1% in the second quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock worth $132,000 after purchasing an additional 417 shares during the last quarter. Finally, Lake Hills Wealth Management LLC purchased a new position in shares of Golar LNG in the second quarter worth about $212,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.
Golar LNG Stock Up 1.6 %
Shares of NASDAQ GLNG opened at $37.51 on Friday. Golar LNG Limited has a 52-week low of $19.94 and a 52-week high of $39.40. The company has a quick ratio of 1.28, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The company’s 50-day simple moving average is $34.97 and its 200-day simple moving average is $31.17. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 35.72 and a beta of 0.58.
Golar LNG Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, August 26th. Golar LNG’s dividend payout ratio is currently 95.24%.
Wall Street Analyst Weigh In
Several research firms have recently commented on GLNG. B. Riley upped their price objective on shares of Golar LNG from $35.50 to $44.50 and gave the company a “buy” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus lowered their target price on Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, StockNews.com upgraded Golar LNG to a “sell” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Golar LNG currently has an average rating of “Moderate Buy” and a consensus price target of $49.63.
Read Our Latest Stock Report on GLNG
Golar LNG 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.
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