EverSource Wealth Advisors LLC Has $54,000 Stake in Golar LNG Limited (NASDAQ:GLNG)

EverSource Wealth Advisors LLC lifted its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 206.2% during the second quarter, HoldingsChannel reports. The firm owned 1,727 shares of the shipping company’s stock after acquiring an additional 1,163 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Golar LNG were worth $54,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Donald Smith & CO. Inc. increased its holdings in Golar LNG by 32.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 3,586,994 shares of the shipping company’s stock worth $86,303,000 after purchasing an additional 870,233 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of 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 in the last quarter. Pinnacle Associates Ltd. raised its position in Golar LNG by 4.4% in the 2nd quarter. Pinnacle Associates Ltd. now owns 1,500,628 shares of the shipping company’s stock valued at $47,045,000 after buying an additional 63,180 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Golar LNG by 6.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,238,512 shares of the shipping company’s stock worth $28,473,000 after acquiring an additional 72,672 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Golar LNG during the 4th quarter worth approximately $23,773,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLNG has been the topic of a number of research reports. B. Riley boosted 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 reduced their price objective on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, August 16th. BTIG Research lifted their target price on Golar LNG from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. StockNews.com raised Golar LNG to a “sell” rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, Golar LNG currently has a consensus rating of “Moderate Buy” and an average price target of $49.63.

Golar LNG Stock Up 5.4 %

Shares of GLNG stock opened at $37.50 on Friday. Golar LNG Limited has a 52-week low of $19.94 and a 52-week high of $37.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 35.71 and a beta of 0.58. The firm’s 50-day moving average is $33.32 and its 200-day moving average is $29.32.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings data 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). The business had revenue of $62.98 million during the quarter, compared to analyst estimates of $67.38 million. Golar LNG had a net margin of 50.89% and a return on equity of 9.20%. Sell-side analysts predict that Golar LNG Limited will post 1.56 EPS 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 given 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 2.67%. Golar LNG’s dividend payout ratio (DPR) is 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.