Hsbc Holdings PLC Has $438,000 Holdings in Golar LNG Limited $GLNG

Hsbc Holdings PLC lowered its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 42.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,482 shares of the shipping company’s stock after selling 8,315 shares during the quarter. Hsbc Holdings PLC’s holdings in Golar LNG were worth $438,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. HITE Hedge Asset Management LLC raised its holdings in shares of Golar LNG by 133.4% during the first quarter. HITE Hedge Asset Management LLC now owns 258,674 shares of the shipping company’s stock valued at $9,827,000 after acquiring an additional 147,824 shares during the period. Quantbot Technologies LP raised its holdings in shares of Golar LNG by 577.8% during the first quarter. Quantbot Technologies LP now owns 181,123 shares of the shipping company’s stock valued at $6,881,000 after acquiring an additional 154,402 shares during the period. RR Advisors LLC acquired a new position in Golar LNG in the 1st quarter valued at approximately $6,079,000. Tejara Capital Ltd acquired a new position in Golar LNG in the 1st quarter valued at approximately $2,849,000. Finally, Fox Run Management L.L.C. increased its stake in Golar LNG by 5.4% in the 1st quarter. Fox Run Management L.L.C. now owns 7,115 shares of the shipping company’s stock valued at $270,000 after buying an additional 362 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Stock Performance

GLNG stock opened at $43.14 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of -616.20 and a beta of 0.42. Golar LNG Limited has a 12 month low of $29.56 and a 12 month high of $45.98. The firm has a 50 day moving average of $41.52 and a two-hundred day moving average of $39.54.

Golar LNG (NASDAQ:GLNG) last posted its earnings results on Thursday, August 14th. The shipping company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $75.67 million during the quarter, compared to the consensus estimate of $79.37 million. Golar LNG had a positive return on equity of 6.36% and a negative net margin of 2.83%. As a group, equities analysts anticipate that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 26th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 26th. Golar LNG’s payout ratio is currently -1,428.57%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Golar LNG from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. B. Riley reiterated a “neutral” rating and issued a $44.50 price objective on shares of Golar LNG in a research note on Monday, August 25th. BTIG Research reiterated a “buy” rating on shares of Golar LNG in a research note on Wednesday, May 28th. Finally, Wall Street Zen lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.17.

About Golar LNG

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