Texas Yale Capital Corp. Decreases Stock Position in Golar LNG Limited $GLNG

Texas Yale Capital Corp. lessened its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 26.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 64,141 shares of the shipping company’s stock after selling 22,559 shares during the period. Texas Yale Capital Corp. owned approximately 0.06% of Golar LNG worth $2,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLNG. Caitong International Asset Management Co. Ltd increased its stake in Golar LNG by 278.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock worth $27,000 after purchasing an additional 484 shares during the period. Smartleaf Asset Management LLC boosted its position in Golar LNG by 281.9% during the third quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 671 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Golar LNG by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after purchasing an additional 657 shares in the last quarter. Amplify Investments LLC boosted its position in Golar LNG by 21.4% during the fourth quarter. Amplify Investments LLC now owns 2,686 shares of the shipping company’s stock valued at $105,000 after purchasing an additional 474 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Golar LNG in the second quarter worth about $147,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Performance

Shares of Golar LNG stock opened at $49.75 on Monday. Golar LNG Limited has a 52 week low of $35.02 and a 52 week high of $57.79. The business’s fifty day simple moving average is $53.89 and its 200-day simple moving average is $45.12. The firm has a market cap of $5.04 billion, a PE ratio of 36.05 and a beta of 0.02. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.14.

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

Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, June 1st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 1st. Golar LNG’s payout ratio is currently 72.46%.

Analyst Upgrades and Downgrades

GLNG has been the subject of several recent analyst reports. The Goldman Sachs Group set a $56.00 price target on Golar LNG in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $65.00 price target on shares of Golar LNG in a research report on Thursday, May 21st. Wall Street Zen upgraded Golar LNG from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. BTIG Research restated a “buy” rating and issued a $67.00 price objective on shares of Golar LNG in a research report on Wednesday, May 20th. Finally, Pareto Securities lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.70.

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.