Terril Brothers Inc. Buys Shares of 8,400 Golar LNG Limited (NASDAQ:GLNG)

Terril Brothers Inc. bought a new stake in Golar LNG Limited (NASDAQ:GLNG) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 8,400 shares of the shipping company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLNG. Lowe Wealth Advisors LLC acquired a new stake in Golar LNG in the second quarter valued at about $45,000. Banque Cantonale Vaudoise boosted its stake in shares of Golar LNG by 11.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock valued at $132,000 after purchasing an additional 417 shares in the last quarter. Lake Hills Wealth Management LLC bought a new stake in shares of Golar LNG during the 2nd quarter valued at approximately $212,000. Acadian Asset Management LLC acquired a new position in Golar LNG during the 2nd quarter worth approximately $364,000. Finally, Tidal Investments LLC bought a new position in Golar LNG in the 1st quarter valued at approximately $291,000. Institutional investors own 92.21% of the company’s stock.

Golar LNG Trading Up 1.7 %

NASDAQ GLNG opened at $32.42 on Tuesday. Golar LNG Limited has a 12 month low of $19.94 and a 12 month high of $36.52. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.39 billion, a PE ratio of 30.88 and a beta of 0.58. The business’s 50-day moving average price is $33.24 and its two-hundred day moving average price is $28.57.

Golar LNG (NASDAQ:GLNG) last announced its earnings results on Thursday, August 15th. The shipping company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Golar LNG had a net margin of 50.89% and a return on equity of 9.20%. The company had revenue of $62.98 million during the quarter, compared to the consensus estimate of $67.38 million. On average, analysts expect that Golar LNG Limited will post 1.56 EPS for the current year.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, August 26th. Golar LNG’s dividend payout ratio (DPR) is presently 95.24%.

Analysts Set New Price Targets

GLNG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. StockNews.com cut Golar LNG from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. B. Riley lifted their price target on Golar LNG from $35.50 to $44.50 and gave the company a “buy” rating in a research note on Friday, July 19th. Stifel Nicolaus lowered their price objective on Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, BTIG Research lifted their target price on shares of Golar LNG from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Golar LNG currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.10.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.