Two Seas Capital LP Has $43.57 Million Position in Golar LNG Limited $GLNG

Two Seas Capital LP grew its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,170,998 shares of the shipping company’s stock after acquiring an additional 75,000 shares during the period. Golar LNG accounts for approximately 0.9% of Two Seas Capital LP’s investment portfolio, making the stock its 15th biggest holding. Two Seas Capital LP owned approximately 1.12% of Golar LNG worth $43,573,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its holdings in Golar LNG by 278.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock worth $27,000 after acquiring an additional 484 shares during the period. Smartleaf Asset Management LLC grew its holdings in Golar LNG by 281.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock worth $37,000 after acquiring an additional 671 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Golar LNG by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock worth $56,000 after acquiring an additional 657 shares during the period. Amplify Investments LLC grew its holdings in Golar LNG by 21.4% during the 4th quarter. Amplify Investments LLC now owns 2,686 shares of the shipping company’s stock worth $105,000 after acquiring an additional 474 shares during the period. Finally, State of Wyoming acquired a new stake in Golar LNG during the 2nd quarter worth about $147,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GLNG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $65.00 target price on shares of Golar LNG in a research note on Thursday, May 21st. Weiss Ratings upgraded Golar LNG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Wall Street Zen upgraded Golar LNG from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. BTIG Research restated a “buy” rating and issued a $67.00 target price on shares of Golar LNG in a research note on Wednesday, May 20th. Finally, Pareto Securities downgraded Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.70.

Golar LNG Stock Performance

Shares of GLNG opened at $50.67 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.57 and a quick ratio of 2.57. The stock has a 50-day moving average of $53.72 and a 200-day moving average of $45.52. The company has a market cap of $5.13 billion, a PE ratio of 36.72 and a beta of 0.02. Golar LNG Limited has a one year low of $35.02 and a one year high of $57.79.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings results on Thursday, March 26th. The shipping company reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $137.55 million during the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%. On average, equities research analysts predict that Golar LNG Limited will post 0.72 EPS for the current fiscal year.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 1st. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. Golar LNG’s payout ratio is 72.46%.

Golar LNG Company Profile

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.