Golar LNG Limited (GLNG) Shares Bought by Geode Capital Management LLC
Geode Capital Management LLC boosted its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 19.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,239 shares of the shipping company’s stock after buying an additional 38,057 shares during the period. Geode Capital Management LLC owned about 0.24% of Golar LNG Limited worth $6,514,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its position in Golar LNG Limited by 18.0% in the first quarter. Quantbot Technologies LP now owns 3,644 shares of the shipping company’s stock valued at $101,000 after buying an additional 557 shares in the last quarter. Sei Investments Co. raised its position in Golar LNG Limited by 84.1% in the first quarter. Sei Investments Co. now owns 5,457 shares of the shipping company’s stock valued at $152,000 after buying an additional 2,493 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in Golar LNG Limited during the fourth quarter valued at $214,000. Strs Ohio raised its position in Golar LNG Limited by 80.0% in the first quarter. Strs Ohio now owns 8,100 shares of the shipping company’s stock valued at $226,000 after buying an additional 3,600 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Golar LNG Limited during the first quarter valued at $229,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.
Golar LNG Limited (GLNG) traded down 0.41% during trading on Tuesday, reaching $21.70. The company had a trading volume of 92,635 shares. The company’s market capitalization is $2.13 billion. Golar LNG Limited has a 12 month low of $17.73 and a 12 month high of $29.18. The stock has a 50 day moving average of $22.65 and a 200-day moving average of $25.57.
Golar LNG Limited (NASDAQ:GLNG) last issued its earnings results on Wednesday, May 31st. The shipping company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.38) by $0.03. Golar LNG Limited had a negative return on equity of 7.51% and a negative net margin of 228.55%. The firm had revenue of $25.11 million during the quarter, compared to analyst estimates of $17.62 million. Equities research analysts expect that Golar LNG Limited will post ($1.45) EPS for the current fiscal year.
Several research firms have recently weighed in on GLNG. Citigroup Inc. reaffirmed a “buy” rating and issued a $28.00 price objective (down from $29.00) on shares of Golar LNG Limited in a research note on Thursday, June 1st. Zacks Investment Research raised Golar LNG Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub lowered Golar LNG Limited from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $32.00 price objective (down from $36.00) on shares of Golar LNG Limited in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Golar LNG Limited in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $34.43.
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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