CenterBook Partners LP Acquires 39,775 Shares of Golar LNG Limited $GLNG

CenterBook Partners LP grew its position in Golar LNG Limited (NASDAQ:GLNG) by 24.7% during the fourth quarter, HoldingsChannel reports. The firm owned 201,008 shares of the shipping company’s stock after buying an additional 39,775 shares during the period. CenterBook Partners LP’s holdings in Golar LNG were worth $7,480,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GLNG. Caitong International Asset Management Co. Ltd boosted its stake in shares of Golar LNG by 278.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 484 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Golar LNG by 281.9% in the 3rd 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 during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Golar LNG by 94.0% in the 2nd 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 during the last quarter. Amplify Investments LLC boosted its stake in shares of Golar LNG by 21.4% in the 4th 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 during the last quarter. Finally, State of Wyoming boosted its stake in shares of Golar LNG by 12.7% in the 4th quarter. State of Wyoming now owns 3,878 shares of the shipping company’s stock valued at $144,000 after purchasing an additional 436 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Golar LNG Price Performance

Golar LNG stock opened at $50.67 on Monday. 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 Limited has a 12-month low of $35.02 and a 12-month high of $57.79. The firm’s fifty day moving average is $53.72 and its 200 day moving average is $45.58. The company has a market capitalization of $5.13 billion, a PE ratio of 36.72 and a beta of 0.02.

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

Golar LNG Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on GLNG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Golar LNG in a research note on Thursday, May 21st. Pareto Securities lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. BTIG Research reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Golar LNG in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Golar LNG from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings raised shares of Golar LNG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Golar LNG presently has a consensus rating of “Moderate Buy” and an average target price of $56.70.

Golar LNG Company Profile

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.