DnB Asset Management AS Decreases Stake in Golar LNG Limited by 4.0% in Q1
July 6, 2023
☀️Trending News
Golar ($NASDAQ:GLNG) LNG Limited is a leading liquefied natural gas (LNG) shipping and production company, operating vessels and terminals around the world. Recently, DnB Asset Management AS has made a filing with the Securities and Exchange Commission that detailed their decrease in ownership of Golar LNG Limited’s shares by 4.0%. The filing shows that the company has taken significant steps to reduce its stake in the stock. This suggests that DnB Asset Management may be looking to diversify its portfolio, or may be trying to limit its risk exposure to Golar LNG. It is unclear what DnB’s motivations are, but the decrease in ownership is likely to have an impact on the stock price of Golar LNG. Investors should keep an eye on Golar LNG as the news of DnB’s decreased ownership could have an influence on the stock price.
Additionally, they should consider taking any necessary steps to protect their investments.
Analysis
We here at GoodWhale have looked at GOLAR LNG‘s wellbeing and have conducted an analysis. The results indicate that GOLAR LNG is a medium risk investment in terms of both financial and business aspects. Specifically, there were three risk warnings detected in the income sheet, balance sheet, and cashflow statement. If you’re interested in learning more about these specific risk warnings, feel free to register on goodwhale.com and check it out. We’re happy to provide detailed information about GOLAR LNG’s wellbeing so that you can make the most informed decisions possible. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Golar Lng. More…
| Total Revenues | Net Income | Net Margin |
| 268.77 | 340.73 | 119.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Golar Lng. More…
| Operations | Investing | Financing |
| 380.35 | 1.05k | -669.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Golar Lng. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.97k | 1.38k | 20.01 |
Key Ratios Snapshot
Some of the financial key ratios for Golar Lng are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -16.2% | -25.1% | 110.2% |
| FCF Margin | ROE | ROA |
| 62.0% | 8.0% | 4.7% |
Peers
The competition between Golar LNG Ltd and its competitors is fierce. Each company is vying for a share of the market and customers. They all have different strengths and weaknesses, but Golar LNG Ltd has the edge.
– Fluxys Belgium SA ($LTS:0Q7U)
Fluxys Belgium SA is a leading gas infrastructure company in Belgium. The company has a market capitalization of 2.23 billion as of 2022 and a return on equity of 14.4%. Fluxys Belgium SA owns and operates a gas network of over 4,000 kilometers in Belgium, including the Zeebrugge LNG terminal. The company also owns and operates gas pipelines in France and the Netherlands.
– Genesis Energy LP ($NYSE:GEL)
Genesis Energy LP is a publicly traded limited partnership that engages in the midstream energy business in the United States. The company owns and operates a fleet of crude oil and refined product barges, pipelines, railcars, and trucks. It also owns and operates terminal facilities and a refinery. The company was founded in 1985 and is headquartered in Houston, Texas.
– EnLink Midstream LLC ($NYSE:ENLC)
EnLink Midstream LLC is a company that owns, operates, and develops midstream energy infrastructure in the United States. The company has a market cap of $5.72 billion as of 2022 and a return on equity of 26.4%. EnLink Midstream provides gathering, processing, transportation, and storage services to oil and gas producers in the United States. The company was founded in 2014 and is headquartered in Dallas, Texas.
Summary
This caused a positive reaction in the stock market, with the share price rising on the same day. It is important to note that this action by DnB does not necessarily reflect a negative sentiment towards the company, as it could just be an example of portfolio rebalancing. Therefore, investors should evaluate Golar LNG on its own merits and conduct thorough research before making any decisions. This would include looking at the company’s financials, product offerings, competitive landscape, and more.
Additionally, analyzing macroeconomic trends and industry forecasts can be useful for understanding the long-term prospects of Golar LNG.
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