Baldwin Brothers Inc. MA boosted its stake in Golar LNG Limited (NASDAQ:GLNG) by 1.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 55,115 shares of the company’s stock after buying an additional 1,000 shares during the period. Baldwin Brothers Inc. MA owned 0.06% of Golar LNG Limited worth $1,539,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLNG. Loomis Sayles & Co. L P boosted its position in Golar LNG Limited by 0.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 18,587 shares of the company’s stock valued at $426,000 after buying an additional 93 shares during the last quarter. Peak Asset Management LLC boosted its position in Golar LNG Limited by 0.3% in the third quarter. Peak Asset Management LLC now owns 81,836 shares of the company’s stock valued at $1,735,000 after buying an additional 250 shares during the last quarter. Teachers Advisors LLC boosted its position in Golar LNG Limited by 1.2% in the third quarter. Teachers Advisors LLC now owns 145,120 shares of the company’s stock valued at $3,077,000 after buying an additional 1,674 shares during the last quarter. California State Teachers Retirement System boosted its position in Golar LNG Limited by 0.9% in the third quarter. California State Teachers Retirement System now owns 188,248 shares of the company’s stock valued at $3,991,000 after buying an additional 1,700 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Golar LNG Limited by 2.1% in the third quarter. Rhumbline Advisers now owns 108,574 shares of the company’s stock valued at $2,302,000 after buying an additional 2,275 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.
Golar LNG Limited (NASDAQ:GLNG) traded down 0.71% during mid-day trading on Monday, hitting $26.48. The stock had a trading volume of 173,184 shares. The company’s 50 day moving average is $27.44 and its 200-day moving average is $25.01. Golar LNG Limited has a 52 week low of $14.32 and a 52 week high of $29.18.
Golar LNG Limited (NASDAQ:GLNG) last posted its quarterly earnings data on Tuesday, February 28th. The company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.04. Golar LNG Limited had a negative return on equity of 7.61% and a negative net margin of 301.27%. The business had revenue of $23.06 million for the quarter, compared to analysts’ expectations of $19.39 million. On average, equities analysts forecast that Golar LNG Limited will post ($0.91) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th were given a $0.05 dividend. The ex-dividend date was Monday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.75%.
Several research firms have weighed in on GLNG. Credit Suisse Group AG set a $35.00 price objective on Golar LNG Limited and gave the stock a “buy” rating in a research report on Saturday, March 18th. Zacks Investment Research upgraded Golar LNG Limited from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Monday, February 20th. TheStreet upgraded Golar LNG Limited from a “d” rating to a “c-” rating in a research report on Thursday, March 2nd. Finally, Nordea Equity Research cut Golar LNG Limited from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $28.33.
About Golar LNG Limited
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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