Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,056 shares of the shipping company’s stock after selling 504 shares during the period. Natixis Advisors LLC owned about 0.05% of Golar LNG worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in GLNG. Lowe Wealth Advisors LLC acquired a new position in Golar LNG in the 2nd quarter valued at about $45,000. Banque Cantonale Vaudoise grew its stake in shares of Golar LNG by 11.1% in the second quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock worth $132,000 after acquiring an additional 417 shares in the last quarter. Lake Hills Wealth Management LLC purchased a new stake in shares of Golar LNG during the second quarter worth $212,000. Tidal Investments LLC acquired a new stake in shares of Golar LNG in the first quarter valued at $291,000. Finally, Victory Capital Management Inc. purchased a new position in Golar LNG in the fourth quarter valued at $311,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on GLNG shares. B. Riley raised their target price on shares of Golar LNG from $35.50 to $44.50 and gave the company a “buy” rating in a report on Friday, July 19th. Stifel Nicolaus decreased their price objective on Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, August 16th. StockNews.com cut shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, BTIG Research upped their price objective on shares of Golar LNG from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.10.

Golar LNG Price Performance

Golar LNG stock opened at $31.02 on Wednesday. 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 company has a market cap of $3.24 billion, a price-to-earnings ratio of 29.54 and a beta of 0.58. Golar LNG Limited has a 1 year low of $19.94 and a 1 year high of $36.52. The firm has a 50 day moving average price of $33.30 and a 200 day moving average price of $28.27.

Golar LNG (NASDAQ:GLNG) last issued its earnings results 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). Golar LNG had a return on equity of 9.20% and a net margin of 50.89%. The firm had revenue of $62.98 million for the quarter, compared to analysts’ expectations of $67.38 million. Sell-side analysts predict that Golar LNG Limited will post 1.56 earnings per share for the current year.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, August 26th. Golar LNG’s payout ratio is 95.24%.

Golar LNG Profile

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.