Marketfield Asset Management LLC acquired a new position in shares of Golar LNG Limited (NASDAQ:GLNG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 105,351 shares of the shipping company’s stock, valued at approximately $1,369,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of Golar LNG by 7.6% in the 1st quarter. FMR LLC now owns 7,966,210 shares of the shipping company’s stock valued at $168,007,000 after acquiring an additional 560,753 shares during the last quarter. Steinberg Asset Management LLC increased its holdings in shares of Golar LNG by 2.6% in the 2nd quarter. Steinberg Asset Management LLC now owns 1,685,500 shares of the shipping company’s stock valued at $31,148,000 after acquiring an additional 43,190 shares during the last quarter. Duff & Phelps Investment Management Co. increased its holdings in shares of Golar LNG by 17.4% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,369,146 shares of the shipping company’s stock valued at $17,785,000 after acquiring an additional 203,357 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Golar LNG by 150.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,176,892 shares of the shipping company’s stock valued at $21,750,000 after acquiring an additional 707,256 shares during the last quarter. Finally, Carlson Capital L P increased its holdings in shares of Golar LNG by 61.9% in the 2nd quarter. Carlson Capital L P now owns 1,025,000 shares of the shipping company’s stock valued at $18,942,000 after acquiring an additional 392,068 shares during the last quarter. Institutional investors own 68.77% of the company’s stock.

GLNG stock traded up $0.27 during trading on Wednesday, reaching $14.15. 27,647 shares of the company’s stock were exchanged, compared to its average volume of 1,539,622. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.95. Golar LNG Limited has a 1-year low of $11.07 and a 1-year high of $30.29. The company’s fifty day moving average price is $12.94 and its 200-day moving average price is $16.68. The firm has a market cap of $1.41 billion, a PE ratio of -37.21 and a beta of 0.80.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings data on Thursday, August 29th. The shipping company reported ($0.62) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.28). The firm had revenue of $82.32 million during the quarter, compared to analyst estimates of $85.10 million. Golar LNG had a negative net margin of 77.74% and a negative return on equity of 4.26%. As a group, sell-side analysts expect that Golar LNG Limited will post -1.16 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $17.00 price target on shares of Golar LNG in a report on Friday, September 20th. Citigroup set a $15.00 price target on Golar LNG and gave the company a “buy” rating in a report on Friday, August 30th. TheStreet downgraded Golar LNG from a “c-” rating to a “d+” rating in a report on Friday, August 16th. B. Riley set a $21.00 price target on Golar LNG and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Cowen reiterated an “outperform” rating and issued a $22.00 price target (down from $30.00) on shares of Golar LNG in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $22.89.

About Golar LNG

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

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Institutional Ownership by Quarter for Golar LNG (NASDAQ:GLNG)

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