Legal & General Group Plc Acquires 1,859 Shares of Golar LNG Limited (GLNG)

Legal & General Group Plc increased its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,452 shares of the shipping company’s stock after buying an additional 1,859 shares during the period. Legal & General Group Plc owned 0.09% of Golar LNG Limited worth $2,471,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Comerica Bank acquired a new stake in Golar LNG Limited during the fourth quarter valued at approximately $234,000. State Street Corp boosted its position in shares of Golar LNG Limited by 11.2% in the fourth quarter. State Street Corp now owns 1,583,895 shares of the shipping company’s stock valued at $36,339,000 after buying an additional 159,581 shares during the last quarter. Tudor Investment Corp Et Al purchased a new position in shares of Golar LNG Limited during the fourth quarter valued at about $314,000. Guggenheim Capital LLC boosted its position in shares of Golar LNG Limited by 67.8% in the fourth quarter. Guggenheim Capital LLC now owns 100,687 shares of the shipping company’s stock valued at $2,310,000 after buying an additional 40,672 shares during the last quarter. Finally, Norges Bank bought a new position in Golar LNG Limited during the fourth quarter worth $17,247,000. Institutional investors own 88.96% of the company’s stock.

Shares of Golar LNG Limited (NASDAQ:GLNG) traded down 2.57% on Tuesday, reaching $21.23. The company had a trading volume of 918,684 shares. The company has a 50 day moving average of $22.74 and a 200-day moving average of $25.51. Golar LNG Limited has a 52 week low of $18.35 and a 52 week high of $29.18. The company’s market capitalization is $2.08 billion.

Golar LNG Limited (NASDAQ:GLNG) last posted its quarterly earnings data on Wednesday, May 31st. The shipping company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.38) by $0.03. Golar LNG Limited had a negative net margin of 228.55% and a negative return on equity of 7.51%. The company had revenue of $25.11 million for the quarter, compared to analyst estimates of $17.62 million. Analysts predict that Golar LNG Limited will post ($1.45) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Legal & General Group Plc Acquires 1,859 Shares of Golar LNG Limited (GLNG)” was reported by BBNS and is the property of of BBNS. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://baseballnewssource.com/markets/legal-general-group-plc-raises-position-in-golar-lng-limited-glng-updated-updated-updated/1195093.html.

A number of research firms have recently weighed in on GLNG. Zacks Investment Research cut Golar LNG Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Citigroup Inc. reissued a “buy” rating and set a $28.00 target price (down previously from $29.00) on shares of Golar LNG Limited in a research note on Thursday, June 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Golar LNG Limited in a research note on Wednesday, July 5th. Morgan Stanley reissued an “overweight” rating and set a $32.00 target price (down previously from $36.00) on shares of Golar LNG Limited in a research report on Tuesday, June 13th. Finally, BidaskClub downgraded Golar LNG Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $34.43.

Golar LNG Limited Company Profile

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

Institutional Ownership by Quarter for Golar LNG Limited (NASDAQ:GLNG)

Receive News & Ratings for Golar LNG Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG Limited and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.