Cetera Trust Company N.A Purchases Shares of 5,790 Golar LNG Limited (NASDAQ:GLNG)

Cetera Trust Company N.A purchased a new stake in Golar LNG Limited (NASDAQ:GLNG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,790 shares of the shipping company’s stock, valued at approximately $133,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of Golar LNG by 27.9% in the third quarter. FMR LLC now owns 4,427,697 shares of the shipping company’s stock valued at $107,416,000 after acquiring an additional 965,932 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Golar LNG by 349.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 808,265 shares of the shipping company’s stock valued at $19,609,000 after acquiring an additional 628,265 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Golar LNG in the fourth quarter valued at about $12,102,000. American Century Companies Inc. increased its position in shares of Golar LNG by 59.1% in the third quarter. American Century Companies Inc. now owns 888,096 shares of the shipping company’s stock valued at $21,545,000 after acquiring an additional 330,059 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Golar LNG by 79.2% in the third quarter. Stifel Financial Corp now owns 396,674 shares of the shipping company’s stock valued at $9,623,000 after acquiring an additional 175,348 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Golar LNG from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th.

Golar LNG Stock Performance

Shares of NASDAQ GLNG opened at $25.29 on Tuesday. The business’s 50 day moving average price is $23.14 and its two-hundred day moving average price is $22.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 1.49. Golar LNG Limited has a twelve month low of $19.62 and a twelve month high of $25.90.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings results on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.40. The firm had revenue of $78.65 million for the quarter, compared to the consensus estimate of $76.85 million. Golar LNG had a positive return on equity of 11.67% and a negative net margin of 15.68%. Analysts predict that Golar LNG Limited will post 1.66 EPS for the current year.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Monday, March 11th. Golar LNG’s dividend payout ratio is presently -232.55%.

Golar LNG Company Profile

Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management.