Quantinno Capital Management LP Has $1.71 Million Position in Golar LNG Limited $GLNG

Quantinno Capital Management LP increased its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 159.9% during the 1st quarter, Holdings Channel reports. The fund owned 31,528 shares of the shipping company’s stock after acquiring an additional 19,398 shares during the period. Quantinno Capital Management LP’s holdings in Golar LNG were worth $1,706,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Amundi raised its holdings in shares of Golar LNG by 29.6% during the first quarter. Amundi now owns 19,586 shares of the shipping company’s stock valued at $744,000 after purchasing an additional 4,468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Golar LNG by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,915 shares of the shipping company’s stock valued at $2,238,000 after buying an additional 2,572 shares during the period. Legal & General Group Plc grew its stake in shares of Golar LNG by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 17,100 shares of the shipping company’s stock valued at $704,000 after buying an additional 459 shares during the period. Prudential Financial Inc. increased its position in Golar LNG by 68.4% in the 2nd quarter. Prudential Financial Inc. now owns 11,689 shares of the shipping company’s stock valued at $481,000 after buying an additional 4,746 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in 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 buying an additional 657 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GLNG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $65.00 price target on shares of Golar LNG in a report on Thursday, May 21st. BTIG Research restated a “buy” rating and set a $67.00 price objective on shares of Golar LNG in a report on Wednesday, May 20th. Wall Street Zen lowered Golar LNG from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Pareto Securities downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. One equities research 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, Golar LNG has a consensus rating of “Moderate Buy” and a consensus target price of $58.70.

Golar LNG Price Performance

Shares of NASDAQ GLNG opened at $51.07 on Thursday. Golar LNG Limited has a fifty-two week low of $35.02 and a fifty-two week high of $57.79. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 37.01 and a beta of 0.05. 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 50-day simple moving average is $50.08 and its 200 day simple moving average is $49.71.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 EPS for the quarter. The firm 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%. As a group, research analysts anticipate 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Golar LNG’s payout ratio is presently 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.