Terril Brothers Inc. Has $504,000 Stock Position in Golar LNG Limited $GLNG

Terril Brothers Inc. boosted its stake in Golar LNG Limited (NASDAQ:GLNG) by 7.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,225 shares of the shipping company’s stock after buying an additional 825 shares during the quarter. Terril Brothers Inc.’s holdings in Golar LNG were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Golar LNG in the first quarter valued at approximately $44,682,000. Encompass Capital Advisors LLC increased its stake in Golar LNG by 73.8% in the 1st quarter. Encompass Capital Advisors LLC now owns 2,276,083 shares of the shipping company’s stock worth $86,468,000 after acquiring an additional 966,692 shares during the last quarter. Nuveen LLC bought a new stake in shares of Golar LNG during the 1st quarter worth $33,975,000. Two Seas Capital LP bought a new position in shares of Golar LNG during the 1st quarter valued at about $19,601,000. Finally, Long Focus Capital Management LLC grew its holdings in shares of Golar LNG by 680.0% during the 1st quarter. Long Focus Capital Management LLC now owns 390,000 shares of the shipping company’s stock valued at $14,816,000 after purchasing an additional 340,000 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Golar LNG Stock Performance

NASDAQ:GLNG opened at $40.49 on Friday. Golar LNG Limited has a fifty-two week low of $29.56 and a fifty-two week high of $45.98. The stock has a market capitalization of $4.23 billion, a PE ratio of -578.35 and a beta of 0.22. The company has a fifty day moving average of $40.71 and a two-hundred day moving average of $40.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.47.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Thursday, August 14th. The shipping company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). Golar LNG had a positive return on equity of 6.36% and a negative net margin of 2.83%.The firm had revenue of $75.67 million for the quarter, compared to analysts’ expectations of $79.37 million. As a group, research analysts forecast that Golar LNG Limited will post 1.39 earnings per share for the current fiscal year.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 26th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. Golar LNG’s payout ratio is presently -1,428.57%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GLNG shares. Wall Street Zen raised Golar LNG from a “sell” rating to a “hold” rating in a research note on Sunday, September 7th. Zacks Research raised shares of Golar LNG from a “strong sell” rating to a “hold” rating in a research report on Friday, September 12th. B. Riley reaffirmed a “neutral” rating and issued a $44.50 price objective on shares of Golar LNG in a research note on Monday, August 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Golar LNG in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group initiated coverage on Golar LNG in a research note on Monday, September 29th. They issued a “buy” rating and a $54.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $50.50.

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.