Canada Pension Plan Investment Board Maintains Stake in Golar LNG Limited (GLNG)

Canada Pension Plan Investment Board held its position in shares of Golar LNG Limited (NASDAQ:GLNG) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,421 shares of the shipping company’s stock at the end of the second quarter. Canada Pension Plan Investment Board owned about 0.16% of Golar LNG Limited worth $3,525,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of Golar LNG Limited by 1.0% in the first quarter. FMR LLC now owns 10,103,929 shares of the shipping company’s stock worth $282,203,000 after buying an additional 97,466 shares during the last quarter. State Street Corp increased its position in Golar LNG Limited by 3.2% in the first quarter. State Street Corp now owns 1,633,946 shares of the shipping company’s stock valued at $45,635,000 after buying an additional 50,051 shares during the last quarter. Bank of America Corp DE increased its position in Golar LNG Limited by 38.9% in the first quarter. Bank of America Corp DE now owns 843,820 shares of the shipping company’s stock valued at $23,568,000 after buying an additional 236,435 shares during the last quarter. TPH Asset Management LLC increased its position in Golar LNG Limited by 13.8% in the first quarter. TPH Asset Management LLC now owns 427,427 shares of the shipping company’s stock valued at $11,939,000 after buying an additional 51,726 shares during the last quarter. Finally, Point72 Europe London LLP increased its position in Golar LNG Limited by 59.2% in the first quarter. Point72 Europe London LLP now owns 407,433 shares of the shipping company’s stock valued at $11,380,000 after buying an additional 151,516 shares during the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.

Shares of Golar LNG Limited (GLNG) opened at 21.31 on Friday. The firm’s 50-day moving average is $22.28 and its 200-day moving average is $24.95. Golar LNG Limited has a one year low of $18.63 and a one year high of $29.18. The company’s market cap is $2.09 billion.

Golar LNG Limited (NASDAQ:GLNG) last released its quarterly earnings data on Wednesday, May 31st. The shipping company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.38) by $0.03. The business had revenue of $25.11 million during the quarter, compared to analyst estimates of $17.62 million. Golar LNG Limited had a negative return on equity of 7.51% and a negative net margin of 228.55%. On average, equities analysts anticipate that Golar LNG Limited will post ($1.45) EPS for the current year.

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Several equities analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $36.00 price objective on shares of Golar LNG Limited in a research note on Monday. Citigroup Inc. dropped their price objective on Golar LNG Limited from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th. Cowen and Company reiterated an “outperform” rating and issued a $45.00 price objective on shares of Golar LNG Limited in a research note on Friday, June 23rd. Zacks Investment Research downgraded Golar LNG Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, BidaskClub downgraded Golar LNG Limited from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $34.14.

About Golar LNG Limited

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).

Institutional Ownership by Quarter for Golar LNG Limited (NASDAQ:GLNG)

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