Golar LNG Limited $GLNG Stock Holdings Lessened by CenterBook Partners LP

CenterBook Partners LP reduced its holdings in Golar LNG Limited (NASDAQ:GLNG) by 19.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,578 shares of the shipping company’s stock after selling 25,799 shares during the quarter. CenterBook Partners LP owned approximately 0.10% of Golar LNG worth $4,970,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GLNG. Verbena Value LP increased its holdings in Golar LNG by 17.0% during the 1st quarter. Verbena Value LP now owns 1,210,402 shares of the shipping company’s stock valued at $65,495,000 after purchasing an additional 175,802 shares in the last quarter. Rokos Capital Management LLP acquired a new position in Golar LNG in the first quarter worth $63,293,000. Pinnacle Associates Ltd. grew its holdings in shares of Golar LNG by 2.2% during the third quarter. Pinnacle Associates Ltd. now owns 915,619 shares of the shipping company’s stock worth $43,510,000 after purchasing an additional 20,131 shares during the last quarter. BROOKFIELD Corp ON grew its holdings in shares of Golar LNG by 12.8% during the first quarter. BROOKFIELD Corp ON now owns 789,859 shares of the shipping company’s stock worth $42,739,000 after purchasing an additional 89,512 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Golar LNG by 1,114.7% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 554,943 shares of the shipping company’s stock valued at $30,028,000 after buying an additional 509,256 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GLNG has been the subject of a number of research reports. Pareto Securities upgraded Golar LNG from a “hold” rating to a “buy” rating in a research note on Monday, August 24th. BTIG Research upped their price target on shares of Golar LNG from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Finally, Weiss Ratings raised shares of Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $68.67.

Golar LNG Stock Performance

GLNG stock opened at $43.07 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.34 and a quick ratio of 2.34. The company has a 50 day moving average price of $48.42 and a 200 day moving average price of $49.41. Golar LNG Limited has a fifty-two week low of $35.02 and a fifty-two week high of $57.79. The stock has a market capitalization of $4.36 billion, a PE ratio of 26.92 and a beta of 0.15.

Golar LNG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 24th. Golar LNG’s dividend payout ratio (DPR) is 62.50%.

About Golar LNG

Golar LNG Limited is a Bermuda-based company focused on liquefied natural gas (LNG) infrastructure and maritime services. The company specializes in floating liquefied natural gas (FLNG) facilities, which are converted vessels designed to process natural gas offshore, remove impurities, and liquefy it for transportation by LNG carriers.

Golar owns and operates FLNG vessels and provides related project development, engineering, operations, and maintenance services. Its Hilli Episeyo FLNG facility is deployed offshore Cameroon, where it processes natural gas from the Kribi field for export.