Terril Brothers Inc. Buys New Shares in Golar LNG Limited (NASDAQ:GLNG)

Terril Brothers Inc. bought a new position in shares of Golar LNG Limited (NASDAQ:GLNG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,400 shares of the shipping company’s stock, valued at approximately $263,000.

Several other large investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Golar LNG by 115.3% during the second quarter. Renaissance Technologies LLC now owns 305,992 shares of the shipping company’s stock worth $9,593,000 after acquiring an additional 163,900 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Golar LNG by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 32,531 shares of the shipping company’s stock valued at $1,020,000 after purchasing an additional 1,502 shares during the period. WINTON GROUP Ltd lifted its stake in Golar LNG by 63.5% in the 2nd quarter. WINTON GROUP Ltd now owns 58,428 shares of the shipping company’s stock valued at $1,832,000 after purchasing an additional 22,683 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Golar LNG by 15.1% during the second quarter. Envestnet Asset Management Inc. now owns 69,689 shares of the shipping company’s stock worth $2,185,000 after purchasing an additional 9,139 shares during the period. Finally, American Century Companies Inc. increased its position in Golar LNG by 53.7% during the second quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company’s stock worth $54,319,000 after buying an additional 605,499 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com cut Golar LNG from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. B. Riley lifted their price objective on shares of Golar LNG from $35.50 to $44.50 and gave the stock a “buy” rating in a research report on Friday, July 19th. Stifel Nicolaus dropped their price objective on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. BTIG Research lifted their target price on shares of Golar LNG from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Golar LNG presently has an average rating of “Moderate Buy” and an average target price of $45.10.

Golar LNG Trading Up 1.7 %

GLNG stock opened at $32.42 on Tuesday. Golar LNG Limited has a 52 week low of $19.94 and a 52 week high of $36.52. The company has a market capitalization of $3.39 billion, a PE ratio of 30.88 and a beta of 0.58. The company’s 50-day simple moving average is $33.24 and its 200 day simple moving average is $28.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24.

Golar LNG (NASDAQ:GLNG) last announced its earnings results on Thursday, August 15th. The shipping company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Golar LNG had a return on equity of 9.20% and a net margin of 50.89%. The business had revenue of $62.98 million for the quarter, compared to analyst estimates of $67.38 million. As a group, sell-side analysts anticipate that Golar LNG Limited will post 1.56 earnings per share for the current year.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 3.08%. Golar LNG’s dividend payout ratio (DPR) is presently 95.24%.

About Golar LNG

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.