13,307 Shares in Golar LNG Limited $GLNG Purchased by State of Wyoming

State of Wyoming bought a new stake in Golar LNG Limited (NASDAQ:GLNG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 13,307 shares of the shipping company’s stock, valued at approximately $632,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Militia Capital Management LLC bought a new stake in shares of Golar LNG during the first quarter valued at approximately $1,623,000. Headlands Technologies LLC acquired a new position in shares of Golar LNG during the second quarter worth approximately $1,079,000. Engineers Gate Manager LP bought a new position in Golar LNG in the 2nd quarter worth approximately $1,185,000. BROOKFIELD Corp ON grew its holdings in Golar LNG by 12.8% in the 1st quarter. BROOKFIELD Corp ON now owns 789,859 shares of the shipping company’s stock worth $42,739,000 after buying an additional 89,512 shares in the last quarter. Finally, WIT Partners Advisory Pte. Ltd. increased its position in Golar LNG by 605.3% in the 1st quarter. WIT Partners Advisory Pte. Ltd. now owns 36,888 shares of the shipping company’s stock valued at $1,996,000 after acquiring an additional 31,658 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Price Performance

NASDAQ GLNG opened at $46.24 on Monday. Golar LNG Limited has a 12 month low of $35.02 and a 12 month high of $57.79. The firm has a market capitalization of $4.69 billion, a PE ratio of 28.90 and a beta of 0.15. The company’s 50 day simple moving average is $49.16 and its 200 day simple moving average is $49.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.34 and a quick ratio of 2.34.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 24th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. Golar LNG’s dividend payout ratio (DPR) is 62.50%.

Analyst Upgrades and Downgrades

GLNG has been the topic of several recent analyst reports. The Goldman Sachs Group set a $66.00 target price on Golar LNG and gave the company a “conviction-buy” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Pareto Securities raised Golar LNG from a “hold” rating to a “buy” rating in a report on Monday, August 24th. Finally, BTIG Research raised their price target on Golar LNG from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $68.67.

Golar LNG Company Profile

Golar LNG Limited is a Bermuda-based company focused on liquefied natural gas (LNG) infrastructure and maritime services. The company specializes in floating liquefied natural gas (FLNG) facilities, which are converted vessels designed to process natural gas offshore, remove impurities, and liquefy it for transportation by LNG carriers.

Golar owns and operates FLNG vessels and provides related project development, engineering, operations, and maintenance services. Its Hilli Episeyo FLNG facility is deployed offshore Cameroon, where it processes natural gas from the Kribi field for export.