Dimensional Fund Advisors LP Purchases 1,502 Shares of Golar LNG Limited (NASDAQ:GLNG)

Dimensional Fund Advisors LP boosted its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,531 shares of the shipping company’s stock after purchasing an additional 1,502 shares during the period. Dimensional Fund Advisors LP’s holdings in Golar LNG were worth $1,020,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd boosted its stake in shares of Golar LNG by 63.5% during the 2nd quarter. WINTON GROUP Ltd now owns 58,428 shares of the shipping company’s stock worth $1,832,000 after buying an additional 22,683 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Golar LNG by 15.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,689 shares of the shipping company’s stock worth $2,185,000 after buying an additional 9,139 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Golar LNG by 53.7% during the 2nd quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company’s stock worth $54,319,000 after buying an additional 605,499 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Golar LNG during the 2nd quarter worth about $364,000. Finally, National Bank of Canada FI boosted its stake in shares of Golar LNG by 63.3% during the 2nd quarter. National Bank of Canada FI now owns 32,000 shares of the shipping company’s stock worth $1,012,000 after buying an additional 12,400 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GLNG. Deutsche Bank Aktiengesellschaft increased 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. BTIG Research increased their price objective on shares of Golar LNG from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Tuesday, October 1st. Stifel Nicolaus cut their target price on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, 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 research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.63.

Golar LNG Trading Up 2.3 %

Shares of NASDAQ:GLNG opened at $38.96 on Friday. Golar LNG Limited has a 52-week low of $19.94 and a 52-week high of $39.10. The company has a market capitalization of $4.07 billion, a P/E ratio of 37.10 and a beta of 0.58. The company has a 50-day simple moving average of $34.05 and a 200 day simple moving average of $30.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data 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 the consensus estimate of $67.38 million. Sell-side analysts forecast that Golar LNG Limited will post 1.53 earnings per share for the current year.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Monday, August 26th. Golar LNG’s dividend payout ratio is presently 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.