Golar LNG Limited (GLNG) Shares Bought by Fmr LLC
Fmr LLC grew its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,105,629 shares of the shipping company’s stock after purchasing an additional 1,700 shares during the period. Fmr LLC owned approximately 10.31% of Golar LNG Limited worth $224,850,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP increased its stake in shares of Golar LNG Limited by 18.0% during the first quarter. Quantbot Technologies LP now owns 3,644 shares of the shipping company’s stock valued at $101,000 after acquiring an additional 557 shares during the period. Sei Investments Co. raised its holdings in Golar LNG Limited by 19.3% during the second quarter. Sei Investments Co. now owns 6,511 shares of the shipping company’s stock worth $145,000 after purchasing an additional 1,054 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Golar LNG Limited by 104.0% during the second quarter. PNC Financial Services Group Inc. now owns 7,552 shares of the shipping company’s stock worth $168,000 after purchasing an additional 3,850 shares in the last quarter. Seven Eight Capital LP lifted its position in Golar LNG Limited by 745.6% in the second quarter. Seven Eight Capital LP now owns 8,870 shares of the shipping company’s stock worth $197,000 after purchasing an additional 7,821 shares during the period. Finally, Capital Management Associates NY acquired a new stake in Golar LNG Limited in the second quarter worth approximately $211,000. 87.91% of the stock is currently owned by institutional investors.
Shares of Golar LNG Limited (NASDAQ:GLNG) opened at 22.98 on Tuesday. Golar LNG Limited has a 1-year low of $19.94 and a 1-year high of $29.18. The stock’s 50 day moving average price is $21.30 and its 200 day moving average price is $23.83. The company’s market capitalization is $2.25 billion.
Golar LNG Limited (NASDAQ:GLNG) last posted its quarterly earnings results on Wednesday, August 30th. The shipping company reported ($0.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.11). The business had revenue of $28.41 million for the quarter, compared to the consensus estimate of $17.03 million. Golar LNG Limited had a negative return on equity of 7.78% and a negative net margin of 179.35%. Analysts expect that Golar LNG Limited will post ($1.94) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.87%.
A number of equities analysts have issued reports on GLNG shares. ValuEngine lowered Golar LNG Limited from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and issued a $36.00 price objective on shares of Golar LNG Limited in a research note on Monday, August 21st. Zacks Investment Research raised Golar LNG Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley restated an “overweight” rating and issued a $31.00 price objective (down previously from $32.00) on shares of Golar LNG Limited in a report on Friday, September 1st. Finally, BidaskClub lowered Golar LNG Limited from a “sell” rating to a “strong sell” rating in a report on Saturday, June 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $34.00.
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About Golar LNG Limited
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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