CenterBook Partners LP Has $7.48 Million Position in Golar LNG Limited $GLNG

CenterBook Partners LP grew its position in Golar LNG Limited (NASDAQ:GLNG) by 24.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,008 shares of the shipping company’s stock after buying an additional 39,775 shares during the quarter. CenterBook Partners LP owned 0.19% of Golar LNG worth $7,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Golar LNG by 278.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 484 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Golar LNG by 281.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 671 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Golar LNG by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after purchasing an additional 657 shares during the last quarter. Amplify Investments LLC grew its holdings in shares of Golar LNG by 21.4% during the 4th quarter. Amplify Investments LLC now owns 2,686 shares of the shipping company’s stock valued at $105,000 after purchasing an additional 474 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Golar LNG by 12.7% during the 4th quarter. State of Wyoming now owns 3,878 shares of the shipping company’s stock valued at $144,000 after purchasing an additional 436 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Stock Performance

GLNG opened at $50.67 on Monday. Golar LNG Limited has a fifty-two week low of $35.02 and a fifty-two week high of $57.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.57 and a quick ratio of 2.57. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 36.72 and a beta of 0.02. The company’s 50 day moving average price is $53.72 and its two-hundred day moving average price is $45.58.

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

Golar LNG Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Golar LNG from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. BTIG Research reaffirmed a “buy” rating and set a $67.00 price target on shares of Golar LNG in a report on Wednesday, May 20th. Wall Street Zen raised shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $65.00 price target on shares of Golar LNG in a report on Thursday, May 21st. Finally, Pareto Securities lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.70.

About Golar LNG

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.