Van ECK Associates Corp Trims Position in Golar LNG Partners LP (GMLP)

Marco Green
September 27, 2017

Investors of record on Thursday, September 14th will be given a dividend of $0.05 per share. This is 2.95 % from the previous close. With 237,700 avg volume, 0 days are for GULFSLOPE ENERGY (OTCMKTS:GSPE)'s short sellers to cover GSPE's short positions. About 305,856 shares traded. Aperio Gru Limited Co reported 0.14% of its portfolio in EOG Resources Inc (NYSE:EOG). It has underperformed by 82.30% the S&P500.

Golar LNG Partners LP, launched on October 24, 2007, owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 61.34% since September 26, 2016 and is uptrending. The value of the investment in (GMLP) went from $225,000 to $165,000 a change of 26.7% quarter to quarter. The ROIC 5 year average of Golar LNG Partners LP (NasdaqGS:GMLP) is 0.123952. The stock tapped a 52-week high of US$57.97 while the mean 12-month price target for the shares is US$63.36. The fund owned 157,750 shares of the shipping company's stock after buying an additional 71,087 shares during the period.

On 7/24/2017 Golar LNG Partners LP announced a quarterly dividend of $0.58 10.66% with an ex dividend date of 8/2/2017 which will be payable on 8/14/2017. It has outperformed by 6.70% the S&P500. Citigroup maintained the shares of GLNG in report on Thursday, August 17 with "Buy" rating. Therefore 60% are positive.

Checking in on some valuation rankings, Golar LNG Partners LP (NasdaqGS:GMLP) has a Value Composite score of 23. The stock has "Hold" rating by Zacks on Friday, September 4. The rating was upgraded by Stifel Nicolaus on Friday, August 28 to "Buy". The value of the investment in Golar LNG Partners LP Represen went from $3,434,000 to $3,146,000 decreasing 8.4% for the reporting period. The firm earned "Buy" rating on Tuesday, January 19 by Argus Research.

Golar LNG Limited (NASDAQ:GLNG) last released its earnings results on Wednesday, August 30th. Jefferies maintained it with "Buy" rating and $3900 target in Monday, June 26 report. The rating was downgraded by DNB Markets to "Hold" on Friday, April 29. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $31.00 price target (down from $32.00) on shares of Golar LNG Limited in a report on Friday, September 1st.

Among 6 analysts covering GCP Applied Tech.

Among 25 analysts covering CSX Corporation (NYSE:CSX), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 83% are positive. EOG Resources had 88 analyst reports since July 22, 2015 according to SRatingsIntel. Seven Eight Capital LP now owns 8,870 shares of the shipping company's stock valued at $197,000 after purchasing an additional 7,821 shares in the last quarter. The Company's segment is dedicated to the development and commercialization of cancer therapies, with activities located in Canada and the United States. On Wednesday, June 29 the stock rating was initiated by Northcoast with "Buy".

5/30/2017-Seaport Global Securities Reiterated Rating of Neutral. The firm has "Hold" rating given on Friday, August 11 by Jefferies.

GCP Applied Technologies Inc. produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. Petroleum & Resources Corp who had been investing in Eog Res Inc for a number of months, seems to be less bullish one the $54.60 billion market cap company. The Firm operates through two divisions: Specialty Construction Chemicals and Specialty Building Materials.

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