FNY Investment Advisers LLC lowered its stake in Golar LNG Limited (NASDAQ:GLNG – Free Report) by 53.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,500 shares of the shipping company’s stock after selling 5,212 shares during the period. FNY Investment Advisers LLC’s holdings in Golar LNG were worth $190,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Golar LNG in the third quarter valued at about $32,000. Blue Trust Inc. lifted its holdings in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after buying an additional 703 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Golar LNG in the 3rd quarter worth approximately $52,000. EverSource Wealth Advisors LLC increased its holdings in shares of Golar LNG by 206.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock valued at $54,000 after acquiring an additional 1,163 shares during the last quarter. Finally, CWM LLC lifted its stake in Golar LNG by 830.9% during the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after purchasing an additional 1,479 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on GLNG. Stifel Nicolaus boosted their target price on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. Finally, Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.13.
Golar LNG Stock Performance
GLNG stock opened at $42.16 on Wednesday. Golar LNG Limited has a 1 year low of $19.94 and a 1 year high of $44.36. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 301.16 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.28 and a current ratio of 1.55. The stock’s fifty day moving average is $40.38 and its two-hundred day moving average is $36.64.
Golar LNG Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Monday, November 25th. Golar LNG’s payout ratio is 714.29%.
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.
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