Rokos Capital Management LLP Invests $63.29 Million in Golar LNG Limited $GLNG

Rokos Capital Management LLP bought a new stake in Golar LNG Limited (NASDAQ:GLNG) during the 1st quarter, HoldingsChannel reports. The fund bought 1,169,161 shares of the shipping company’s stock, valued at approximately $63,293,000. Golar LNG comprises approximately 0.5% of Rokos Capital Management LLP’s holdings, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Golar LNG by 278.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 484 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Golar LNG by 108.5% in the 1st quarter. AdvisorNet Financial Inc now owns 515 shares of the shipping company’s stock valued at $28,000 after buying an additional 268 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Golar LNG in the 4th quarter valued at approximately $44,000. EverSource Wealth Advisors LLC boosted its stake in shares of Golar LNG by 94.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after buying an additional 657 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in Golar LNG in the fourth quarter worth $65,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on GLNG. Wall Street Zen lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. The Goldman Sachs Group set a $66.00 price target on shares of Golar LNG and gave the company a “conviction-buy” rating in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $65.00 price objective on shares of Golar LNG in a research note on Thursday, May 21st. Pareto Securities downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Weiss Ratings raised Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Golar LNG presently has a consensus rating of “Moderate Buy” and an average price target of $58.70.

Golar LNG Trading Up 0.7%

NASDAQ:GLNG opened at $48.98 on Tuesday. Golar LNG Limited has a 52-week low of $35.02 and a 52-week high of $57.79. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $50.61 and a 200-day simple moving average of $48.84. The company has a market capitalization of $4.96 billion, a PE ratio of 35.49 and a beta of 0.02.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 EPS for the quarter. Golar LNG had a net margin of 30.10% and a return on equity of 6.86%. The firm had revenue of $137.55 million for the quarter. On average, equities research analysts expect that Golar LNG Limited will post 0.72 earnings per share for the current fiscal year.

Golar LNG Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, June 1st were paid 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%.

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.