U.S. Capital Wealth Advisors LLC lowered its stake in shares of Golar LNG Limited (NASDAQ:GLNG – Get Rating) by 5.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 108,823 shares of the shipping company's stock after selling 6,088 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Golar LNG were worth $2,712,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cohanzick Management LLC bought a new position in shares of Golar LNG during the 1st quarter valued at $37,000. Captrust Financial Advisors grew its holdings in shares of Golar LNG by 1,152.5% during the 1st quarter. Captrust Financial Advisors now owns 2,292 shares of the shipping company's stock valued at $57,000 after purchasing an additional 2,109 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Golar LNG in the 2nd quarter worth $62,000. Ellevest Inc. grew its holdings in Golar LNG by 596.0% in the 2nd quarter. Ellevest Inc. now owns 2,972 shares of the shipping company's stock worth $68,000 after acquiring an additional 2,545 shares during the last quarter. Finally, Strs Ohio bought a new stake in Golar LNG in the 2nd quarter worth $79,000. Hedge funds and other institutional investors own 72.45% of the company's stock.
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Analysts Set New Price Targets
A number of equities research analysts have issued reports on GLNG shares. Bank of America raised shares of Golar LNG from a "neutral" rating to a "buy" rating and raised their price target for the stock from $23.00 to $29.00 in a report on Thursday, September 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Golar LNG from $17.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, November 17th. Finally, StockNews.com began coverage on shares of Golar LNG in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Golar LNG presently has an average rating of "Moderate Buy" and an average target price of $29.90.
Golar LNG Trading Up 1.6 %
Shares of GLNG opened at $22.82 on Friday. The firm's 50-day moving average price is $23.86 and its 200-day moving average price is $24.72. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 3.41 and a beta of 0.63. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.35. Golar LNG Limited has a 1-year low of $12.14 and a 1-year high of $30.66.
Golar LNG (NASDAQ:GLNG – Get Rating) last announced its earnings results on Wednesday, November 16th. The shipping company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.20. The firm had revenue of $67.91 million for the quarter, compared to analyst estimates of $66.18 million. Golar LNG had a net margin of 218.75% and a return on equity of 5.91%. Sell-side analysts anticipate that Golar LNG Limited will post 1.03 EPS for the current year.
Golar LNG Company Profile
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Golar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels.
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