Banque Cantonale Vaudoise reduced its stake in shares of Golar LNG Limited (NASDAQ:GLNG – Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,867 shares of the shipping company’s stock after selling 1,614 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Golar LNG were worth $257,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in Golar LNG by 241.0% during the 4th quarter. Millennium Management LLC now owns 3,242,059 shares of the shipping company’s stock worth $73,887,000 after acquiring an additional 2,291,392 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Golar LNG by 324.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,582,678 shares of the shipping company’s stock worth $58,756,000 after acquiring an additional 1,974,914 shares during the last quarter. Permian Investment Partners LP bought a new stake in Golar LNG during the 1st quarter worth about $30,655,000. Norges Bank bought a new stake in Golar LNG during the 4th quarter worth about $23,863,000. Finally, Citigroup Inc. grew its holdings in Golar LNG by 102.0% during the 1st quarter. Citigroup Inc. now owns 12,232 shares of the shipping company’s stock worth $303,000 after acquiring an additional 630,818 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on GLNG shares. StockNews.com raised shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Stifel Nicolaus reduced their target price on shares of Golar LNG from $35.00 to $34.00 in a research note on Monday, April 24th.
Golar LNG Trading Up 8.3 %
Golar LNG (NASDAQ:GLNG – Free Report) last announced its quarterly earnings results on Tuesday, May 30th. The shipping company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.39). The company had revenue of $73.73 million for the quarter, compared to analyst estimates of $72.97 million. Equities analysts expect that Golar LNG Limited will post 2.31 EPS for the current year.
Golar LNG Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Monday, June 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.60%. This is an increase from Golar LNG’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, June 9th.
About Golar LNG
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.
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