Golar LNG Limited $GLNG Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 38.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 80,892 shares of the shipping company’s stock after purchasing an additional 22,269 shares during the period. Rockefeller Capital Management L.P.’s holdings in Golar LNG were worth $3,010,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its holdings in Golar LNG by 278.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock worth $27,000 after acquiring an additional 484 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Golar LNG during the fourth quarter valued at about $44,000. EverSource Wealth Advisors LLC raised its position in shares of Golar LNG by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after purchasing an additional 657 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Golar LNG in the 4th quarter valued at approximately $65,000. Finally, Amplify Investments LLC raised its position in shares of Golar LNG by 21.4% in the 4th quarter. Amplify Investments LLC now owns 2,686 shares of the shipping company’s stock valued at $105,000 after purchasing an additional 474 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Golar LNG Stock Down 0.0%

GLNG stock opened at $49.75 on Monday. The firm has a market cap of $5.04 billion, a PE ratio of 36.05 and a beta of 0.02. 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’s fifty day moving average is $52.55 and its 200 day moving average is $46.98. Golar LNG Limited has a one year low of $35.02 and a one year high of $57.79.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data 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 business had revenue of $137.55 million during the quarter. On average, research analysts forecast that Golar LNG Limited will post 0.72 EPS for the current year.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, June 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. Golar LNG’s dividend payout ratio is presently 72.46%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $65.00 target price on shares of Golar LNG in a research report on Thursday, May 21st. Pareto Securities cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. BTIG Research reissued a “buy” rating and set a $67.00 price objective on shares of Golar LNG in a report on Wednesday, May 20th. Finally, Wall Street Zen downgraded Golar LNG from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.