Golar LNG Limited $GLNG Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 1,340.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,786 shares of the shipping company’s stock after purchasing an additional 106,816 shares during the quarter. HighTower Advisors LLC owned 0.11% of Golar LNG worth $4,639,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GLNG. 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 worth $744,000 after purchasing an additional 4,468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Golar LNG by 4.6% during 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 last quarter. CWM LLC raised its stake in Golar LNG by 110.1% during the second quarter. CWM LLC now owns 1,855 shares of the shipping company’s stock worth $76,000 after acquiring an additional 972 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Golar LNG by 2.9% in the second quarter. Envestnet Asset Management Inc. now owns 49,202 shares of the shipping company’s stock worth $2,027,000 after acquiring an additional 1,383 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Golar LNG by 13,084.4% in the second quarter. Bessemer Group Inc. now owns 17,799 shares of the shipping company’s stock valued at $733,000 after acquiring an additional 17,664 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Golar LNG in a report on Monday, December 29th. Zacks Research upgraded Golar LNG from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. The Goldman Sachs Group set a $56.00 target price on Golar LNG in a research report on Monday, February 2nd. Wall Street Zen raised shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, BTIG Research restated a “buy” rating and set a $50.00 price target on shares of Golar LNG in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Golar LNG currently has an average rating of “Buy” and a consensus price target of $49.90.

Golar LNG Stock Down 1.2%

Shares of Golar LNG stock opened at $44.87 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. Golar LNG Limited has a 1-year low of $29.56 and a 1-year high of $46.23. The business’s fifty day moving average price is $40.31 and its two-hundred day moving average price is $39.93. The company has a market capitalization of $4.69 billion, a P/E ratio of 78.72 and a beta of 0.20.

About Golar LNG

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.