Golar LNG Limited $GLNG is Tejara Capital Ltd’s 2nd Largest Position

Tejara Capital Ltd increased its stake in Golar LNG Limited (NASDAQ:GLNG) by 87.8% during the 4th quarter, Holdings Channel reports. The firm owned 369,026 shares of the shipping company’s stock after purchasing an additional 172,500 shares during the quarter. Golar LNG comprises approximately 3.2% of Tejara Capital Ltd’s portfolio, making the stock its 2nd biggest holding. Tejara Capital Ltd’s holdings in Golar LNG were worth $13,731,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rubric Capital Management LP increased its holdings in shares of Golar LNG by 2.3% in the 2nd quarter. Rubric Capital Management LP now owns 9,178,978 shares of the shipping company’s stock worth $378,082,000 after buying an additional 203,829 shares during the last quarter. Cartenna Capital LP increased its stake in Golar LNG by 13.2% in the third quarter. Cartenna Capital LP now owns 1,925,000 shares of the shipping company’s stock valued at $77,789,000 after acquiring an additional 225,000 shares during the last quarter. State Street Corp lifted its stake in Golar LNG by 1.4% during the second quarter. State Street Corp now owns 1,914,741 shares of the shipping company’s stock worth $78,868,000 after purchasing an additional 26,838 shares during the last quarter. Appian Way Asset Management LP boosted its holdings in shares of Golar LNG by 34.8% in the 3rd quarter. Appian Way Asset Management LP now owns 1,633,582 shares of the shipping company’s stock worth $66,013,000 after purchasing an additional 421,375 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of Golar LNG during the 3rd quarter valued at about $56,574,000. 92.21% of the stock is currently owned by institutional investors.

Golar LNG Trading Up 1.0%

NASDAQ GLNG opened at $57.22 on Friday. The firm has a market cap of $5.80 billion, a PE ratio of 89.41 and a beta of 0.06. Golar LNG Limited has a 1-year low of $35.02 and a 1-year high of $57.79. The stock has a 50-day moving average of $52.29 and a 200-day moving average of $44.13. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.19.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $132.81 million for the quarter. Golar LNG had a return on equity of 6.24% and a net margin of 16.69%. As a group, sell-side analysts forecast that Golar LNG Limited will post 0.58 EPS for the current year.

Golar LNG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Monday, March 9th were issued a $0.25 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Golar LNG’s dividend payout ratio (DPR) is currently 156.25%.

Analysts Set New Price Targets

GLNG has been the subject of several research reports. Wall Street Zen lowered Golar LNG from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. BTIG Research upped their price objective on shares of Golar LNG from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group set a $56.00 target price on shares of Golar LNG in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Golar LNG has an average rating of “Moderate Buy” and an average target price of $51.13.

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.