De Lisle Partners LLP Purchases 7,000 Shares of Golar LNG Limited $GLNG

De Lisle Partners LLP lifted its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 2.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 256,390 shares of the shipping company’s stock after purchasing an additional 7,000 shares during the period. Golar LNG comprises approximately 1.5% of De Lisle Partners LLP’s portfolio, making the stock its 14th largest holding. De Lisle Partners LLP’s holdings in Golar LNG were worth $10,563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd bought a new position in Golar LNG in the first quarter valued at about $899,000. Intrust Bank NA increased its stake in shares of Golar LNG by 7.9% in the first quarter. Intrust Bank NA now owns 39,359 shares of the shipping company’s stock valued at $1,495,000 after buying an additional 2,885 shares during the period. Headlands Technologies LLC acquired a new position in shares of Golar LNG in the first quarter valued at approximately $331,000. Aigen Investment Management LP bought a new position in Golar LNG in the 1st quarter valued at approximately $601,000. Finally, Nuveen LLC bought a new position in shares of Golar LNG during the first quarter valued at $33,975,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Price Performance

GLNG stock opened at $36.95 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.47. The business has a 50-day simple moving average of $38.84 and a two-hundred day simple moving average of $40.41. The company has a market capitalization of $3.86 billion, a P/E ratio of -527.71 and a beta of 0.29. Golar LNG Limited has a 52-week low of $29.56 and a 52-week high of $45.98.

Golar LNG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 17th. This represents a $1.00 annualized dividend and a yield of 2.7%. Golar LNG’s dividend payout ratio is 175.44%.

Analyst Ratings Changes

GLNG has been the subject of several analyst reports. Wall Street Zen lowered Golar LNG from a “hold” rating to a “sell” rating in a research report on Sunday. BTIG Research restated a “buy” rating and set a $50.00 price objective on shares of Golar LNG in a research report on Wednesday, November 5th. Citigroup began coverage on Golar LNG in a report on Friday, October 10th. They issued a “buy” rating and a $51.00 target price on the stock. Zacks Research downgraded shares of Golar LNG from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Golar LNG in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.42.

Golar LNG Profile

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.