Golar LNG Limited (NASDAQ:GLNG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Golar LNG Limited (NASDAQ:GLNG) 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 (NASDAQ:GLNG) last announced its earnings results on Thursday, August 15th. The shipping company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The firm had revenue of $62.98 million for the quarter, compared to analyst estimates of $67.38 million. Golar LNG had a net margin of 50.89% and a return on equity of 9.20%. Equities analysts predict that Golar LNG Limited will post 1.53 EPS for the current fiscal year.

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.

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.