Cwm LLC Grows Position in Golar LNG Limited (NASDAQ:GLNG)

Cwm LLC raised its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 830.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,657 shares of the shipping company’s stock after purchasing an additional 1,479 shares during the quarter. Cwm LLC’s holdings in Golar LNG were worth $61,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLNG. Banque Cantonale Vaudoise boosted its holdings in shares of Golar LNG by 11.1% in the 2nd 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 period. Beck Capital Management LLC boosted its holdings in shares of Golar LNG by 0.7% in the 2nd quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company’s stock worth $2,355,000 after purchasing an additional 558 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Golar LNG by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company’s stock worth $1,115,000 after purchasing an additional 992 shares during the period. O Brien Greene & Co. Inc boosted its holdings in shares of Golar LNG by 1.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 60,000 shares of the shipping company’s stock worth $1,881,000 after purchasing an additional 1,000 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Golar LNG by 206.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after purchasing an additional 1,163 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GLNG shares. Deutsche Bank Aktiengesellschaft raised their price target on Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. StockNews.com raised Golar LNG to a “sell” rating in a research note on Tuesday, October 1st. B. Riley raised their price target on Golar LNG from $35.50 to $44.50 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus decreased their price target on Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, August 16th. One 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.63.

Golar LNG Stock Up 0.1 %

Golar LNG stock opened at $37.55 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24. The business’s 50-day simple moving average is $35.07 and its two-hundred day simple moving average is $31.30. The company has a market cap of $3.93 billion, a PE ratio of 35.76 and a beta of 0.58. Golar LNG Limited has a fifty-two week low of $19.94 and a fifty-two week high of $39.40.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data on Thursday, August 15th. The shipping company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). The company had revenue of $62.98 million during 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 anticipate that Golar LNG Limited will post 1.53 EPS for the current year.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $0.25 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 2.66%. Golar LNG’s payout ratio is 95.24%.

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.