WINTON GROUP Ltd Purchases New Position in Golar LNG Limited $GLNG

WINTON GROUP Ltd acquired a new stake in Golar LNG Limited (NASDAQ:GLNG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,024 shares of the shipping company’s stock, valued at approximately $596,000.

Other hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position 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 valued at $27,000 after purchasing an additional 484 shares during the period. Smartleaf Asset Management LLC raised its position in Golar LNG by 281.9% in the third quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 671 shares during the period. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 657 shares during the period. Amplify Investments LLC raised its position in Golar LNG by 21.4% in the fourth 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 period. Finally, State of Wyoming purchased a new position in Golar LNG in the second quarter valued at about $147,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GLNG has been the subject of several recent research reports. Weiss Ratings raised shares of Golar LNG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. BTIG Research reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Golar LNG in a research report on Wednesday, May 20th. Wall Street Zen raised shares of Golar LNG from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Pareto Securities downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Golar LNG in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.70.

Golar LNG Stock Performance

Golar LNG stock opened at $50.83 on Thursday. The stock has a market cap of $5.15 billion, a P/E ratio of 36.83 and a beta of 0.02. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average of $53.50 and a 200-day moving average of $45.88. Golar LNG Limited has a 52 week low of $35.02 and a 52 week high of $57.79.

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

Golar LNG Announces Dividend

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

Golar LNG 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.