SG Americas Securities LLC Has $157,000 Holdings in Golar LNG Limited (NASDAQ:GLNG)

SG Americas Securities LLC reduced its stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 96.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,260 shares of the shipping company's stock after selling 129,184 shares during the period. SG Americas Securities LLC's holdings in Golar LNG were worth $157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLNG. Lowe Wealth Advisors LLC purchased a new stake in shares of Golar LNG during the second quarter worth approximately $45,000. EverSource Wealth Advisors LLC raised its holdings in shares of Golar LNG by 206.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company's stock worth $54,000 after purchasing an additional 1,163 shares during the period. Quarry LP raised its holdings in shares of Golar LNG by 1,559.3% in the 2nd quarter. Quarry LP now owns 2,323 shares of the shipping company's stock worth $73,000 after purchasing an additional 2,183 shares during the period. Banque Cantonale Vaudoise raised its holdings in shares of Golar LNG by 11.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company's stock valued at $132,000 after buying an additional 417 shares during the period. Finally, Lake Hills Wealth Management LLC purchased a new stake in shares of Golar LNG during the 2nd quarter valued at about $212,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Stock Up 0.1 %

Shares of GLNG stock traded up $0.04 on Friday, reaching $37.55. 650,996 shares of the company's stock traded hands, compared to its average volume of 1,191,547. Golar LNG Limited has a 12-month low of $19.94 and a 12-month high of $39.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24. The company has a market capitalization of $3.93 billion, a P/E ratio of 35.72 and a beta of 0.58. The business's 50 day moving average price is $34.97 and its two-hundred day moving average price is $31.17.

Golar LNG (NASDAQ:GLNG - Get Free Report) last issued its earnings results on Thursday, August 15th. The shipping company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). Golar LNG had a net margin of 50.89% and a return on equity of 9.20%. The firm had revenue of $62.98 million during the quarter, compared to analysts' expectations of $67.38 million. On average, equities analysts forecast that Golar LNG Limited will post 1.53 earnings per share for the current year.

Golar LNG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a $0.25 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 2.66%. Golar LNG's dividend payout ratio (DPR) is currently 95.24%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Golar LNG from $43.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. StockNews.com raised Golar LNG to a "sell" rating in a research note on Tuesday, October 1st. B. Riley boosted their price objective on Golar LNG from $35.50 to $44.50 and gave the stock a "buy" rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus decreased their target price on Golar LNG from $55.00 to $53.00 and set a "buy" rating on the stock in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.63.

Golar LNG 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.