Barrow Hanley Mewhinney & Strauss LLC decreased its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,640,482 shares of the shipping company’s stock after selling 170,500 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.07% of Golar LNG worth $197,953,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of GLNG. Strs Ohio purchased a new stake in Golar LNG in the fourth quarter valued at $146,000. PNC Financial Services Group Inc. raised its position in Golar LNG by 104.0% in the second quarter. PNC Financial Services Group Inc. now owns 7,552 shares of the shipping company’s stock valued at $168,000 after purchasing an additional 3,850 shares during the period. First Trust Advisors LP purchased a new stake in Golar LNG in the fourth quarter valued at $201,000. Duff & Phelps Investment Management Co. purchased a new stake in Golar LNG in the fourth quarter valued at $209,000. Finally, Mraz Amerine & Associates Inc. purchased a new stake in Golar LNG in the fourth quarter valued at $221,000. Institutional investors own 84.55% of the company’s stock.
Shares of Golar LNG Limited (GLNG) opened at $27.86 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $2,820.00, a price-to-earnings ratio of -14.98, a P/E/G ratio of 12.50 and a beta of 0.76. Golar LNG Limited has a 1-year low of $19.32 and a 1-year high of $31.64.
Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Thursday, November 30th. The shipping company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.07). The firm had revenue of $32.43 million during the quarter, compared to analysts’ expectations of $24.04 million. Golar LNG had a negative net margin of 180.90% and a negative return on equity of 9.15%. research analysts forecast that Golar LNG Limited will post -1.89 earnings per share for the current fiscal year.
A number of equities research analysts have commented on GLNG shares. ABN Amro upgraded Golar LNG from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. BidaskClub downgraded Golar LNG from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Jefferies Group started coverage on Golar LNG in a report on Monday, December 18th. They issued a “buy” rating and a $39.00 price objective on the stock. Morgan Stanley boosted their price objective on Golar LNG from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Finally, Zacks Investment Research upgraded Golar LNG from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.00.
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Golar LNG Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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