Intrust Bank NA Boosts Stake in Golar LNG Limited (NASDAQ:GLNG)

Intrust Bank NA boosted its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,203 shares of the shipping company’s stock after acquiring an additional 1,215 shares during the period. Intrust Bank NA’s holdings in Golar LNG were worth $809,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GLNG. Exchange Traded Concepts LLC acquired a new position in shares of Golar LNG in the 3rd quarter valued at $32,000. Headlands Technologies LLC purchased a new position in Golar LNG in the 4th quarter valued at approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Golar LNG by 26,805.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,112 shares of the shipping company’s stock worth $118,000 after acquiring an additional 5,093 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in shares of Golar LNG during the fourth quarter worth $133,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Golar LNG in the third quarter valued at $201,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Golar LNG from a “hold” rating to a “sell” rating in a report on Thursday, April 25th.

Golar LNG Stock Performance

Shares of Golar LNG stock opened at $24.52 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. Golar LNG Limited has a 52-week low of $19.62 and a 52-week high of $25.90. The company has a 50 day moving average of $23.60 and a 200 day moving average of $22.71.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings data on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.40. The business had revenue of $78.65 million for the quarter, compared to analyst estimates of $76.85 million. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. On average, research analysts predict that Golar LNG Limited will post 1.65 EPS for the current fiscal year.

Golar LNG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Monday, March 11th. Golar LNG’s dividend payout ratio (DPR) is -232.55%.

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.