Freemont Management S.A. Has $774,000 Stake in Golar LNG Limited $GLNG

Freemont Management S.A. lifted its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 197.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,800 shares of the shipping company’s stock after buying an additional 13,800 shares during the quarter. Freemont Management S.A.’s holdings in Golar LNG were worth $774,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in shares of 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 buying an additional 484 shares during the period. Smartleaf Asset Management LLC grew its position in shares of 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 buying an additional 671 shares during the period. EverSource Wealth Advisors LLC boosted its stake 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 last quarter. Amplify Investments LLC boosted its stake 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 last quarter. Finally, State of Wyoming bought a new position in Golar LNG during the 2nd quarter worth approximately $147,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Stock Down 1.2%

Golar LNG stock opened at $56.68 on Thursday. The stock has a market capitalization of $5.74 billion, a PE ratio of 88.56 and a beta of 0.06. Golar LNG Limited has a twelve month low of $35.02 and a twelve month high of $57.79. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average of $52.06 and a 200-day moving average of $43.99.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data on Saturday, February 14th. The shipping company reported $0.09 EPS for the quarter. The business had revenue of $132.81 million for the quarter. Golar LNG had a net margin of 16.69% and a return on equity of 6.24%. On average, equities research analysts anticipate that Golar LNG Limited will post 0.58 EPS for the current fiscal year.

Golar LNG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Monday, March 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. Golar LNG’s dividend payout ratio (DPR) is currently 156.25%.

Analysts Set New Price Targets

Several research analysts recently weighed in on GLNG shares. Wall Street Zen lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. The Goldman Sachs Group set a $56.00 price objective on shares of Golar LNG in a research note on Monday, February 2nd. Finally, BTIG Research lifted their price objective on shares of Golar LNG from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Golar LNG has a consensus rating of “Moderate Buy” and a consensus price target of $51.13.

About Golar LNG

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.