Thompson Siegel & Walmsley LLC Buys 24,576 Shares of Golar LNG Limited $GLNG

Thompson Siegel & Walmsley LLC grew its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 285,076 shares of the shipping company’s stock after purchasing an additional 24,576 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.27% of Golar LNG worth $10,608,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in Golar LNG by 278.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock worth $27,000 after acquiring an additional 484 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Golar LNG by 281.9% during the third quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock worth $37,000 after acquiring an additional 671 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 worth $56,000 after acquiring an additional 657 shares in the last quarter. Amplify Investments LLC boosted its stake in Golar LNG by 21.4% during the fourth quarter. Amplify Investments LLC now owns 2,686 shares of the shipping company’s stock worth $105,000 after acquiring an additional 474 shares in the last quarter. Finally, State of Wyoming bought a new stake in Golar LNG during the second quarter worth about $147,000. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

GLNG has been the topic of several research reports. Wall Street Zen raised shares of Golar LNG from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. The Goldman Sachs Group set a $56.00 price objective on shares of Golar LNG in a research note on Monday, February 2nd. BTIG Research reissued a “buy” rating and set a $67.00 price objective on shares of Golar LNG in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $65.00 price objective on shares of Golar LNG in a research note on Thursday, May 21st. Finally, Pareto Securities lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. One research 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 company’s stock. According to data from MarketBeat.com, Golar LNG has an average rating of “Moderate Buy” and an average target price of $56.70.

Golar LNG Stock Up 1.7%

GLNG opened at $50.59 on Tuesday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average price of $53.88 and a 200-day moving average price of $45.20. Golar LNG Limited has a twelve month low of $35.02 and a twelve month high of $57.79. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 36.66 and a beta of 0.02.

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

Golar LNG Dividend Announcement

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

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.