Texas Yale Capital Corp. Cuts Holdings in Golar LNG Limited $GLNG

Texas Yale Capital Corp. decreased its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 26.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 64,141 shares of the shipping company’s stock after selling 22,559 shares during the period. Texas Yale Capital Corp.’s holdings in Golar LNG were worth $2,387,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GLNG. Amundi increased its holdings in Golar LNG by 29.6% during the 1st quarter. Amundi now owns 19,586 shares of the shipping company’s stock worth $744,000 after purchasing an additional 4,468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Golar LNG by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,915 shares of the shipping company’s stock worth $2,238,000 after purchasing an additional 2,572 shares during the period. Legal & General Group Plc increased its holdings in Golar LNG by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 17,100 shares of the shipping company’s stock worth $704,000 after purchasing an additional 459 shares during the period. Prudential Financial Inc. increased its holdings in Golar LNG by 68.4% during the 2nd quarter. Prudential Financial Inc. now owns 11,689 shares of the shipping company’s stock worth $481,000 after purchasing an additional 4,746 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Golar LNG by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock worth $56,000 after purchasing an additional 657 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Pareto Securities downgraded Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. BTIG Research reaffirmed a “buy” rating and set a $67.00 price objective on shares of Golar LNG in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $65.00 price objective on shares of Golar LNG in a research report on Thursday, May 21st. The Goldman Sachs Group set a $56.00 price objective on Golar LNG in a research report on Monday, February 2nd. Finally, Wall Street Zen raised Golar LNG from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.70.

Golar LNG Stock Performance

NASDAQ:GLNG opened at $49.75 on Monday. The stock has a 50-day simple moving average of $53.89 and a 200-day simple moving average of $45.12. The stock has a market cap of $5.04 billion, a P/E ratio of 36.05 and a beta of 0.02. Golar LNG Limited has a 1 year low of $35.02 and a 1 year high of $57.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.57 and a current ratio of 2.57.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $137.55 million during the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%. As a group, analysts anticipate that Golar LNG Limited will post 0.72 earnings per share for the current fiscal year.

Golar LNG Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, June 1st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. Golar LNG’s dividend payout ratio is 72.46%.

Golar LNG Company Profile

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.