Zweig DiMenna Associates LLC Makes New $2.39 Million Investment in Golar LNG Limited (NASDAQ:GLNG)

Zweig DiMenna Associates LLC bought a new stake in shares of Golar LNG Limited (NASDAQ:GLNG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 56,500 shares of the shipping company’s stock, valued at approximately $2,391,000. Zweig DiMenna Associates LLC owned 0.05% of Golar LNG as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in Golar LNG by 15.1% during the second quarter. Envestnet Asset Management Inc. now owns 69,689 shares of the shipping company’s stock valued at $2,185,000 after purchasing an additional 9,139 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Golar LNG by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 32,531 shares of the shipping company’s stock valued at $1,020,000 after buying an additional 1,502 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Golar LNG in the 2nd quarter valued at approximately $249,000. EverSource Wealth Advisors LLC increased its holdings in Golar LNG by 206.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after buying an additional 1,163 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Golar LNG by 172.6% during the second quarter. Marshall Wace LLP now owns 69,241 shares of the shipping company’s stock valued at $2,171,000 after acquiring an additional 43,842 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GLNG has been the subject of several recent research reports. StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. Stifel Nicolaus upped their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.13.

Golar LNG Trading Up 0.0 %

NASDAQ:GLNG opened at $40.48 on Friday. The firm has a market capitalization of $4.23 billion, a PE ratio of 289.16 and a beta of 0.59. Golar LNG Limited has a 1 year low of $19.94 and a 1 year high of $44.36. The firm’s fifty day simple moving average is $40.89 and its 200 day simple moving average is $37.02.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.47%. Golar LNG’s payout ratio is presently 714.34%.

About Golar LNG

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.