Quantbot Technologies LP Has $1.13 Million Stake in Golar LNG Limited (NASDAQ:GLNG)

Quantbot Technologies LP reduced its holdings in Golar LNG Limited (NASDAQ:GLNG) by 75.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,721 shares of the shipping company’s stock after selling 81,564 shares during the quarter. Quantbot Technologies LP’s holdings in Golar LNG were worth $1,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC boosted its stake in Golar LNG by 431.3% in the third quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock worth $6,802,000 after purchasing an additional 150,195 shares in the last quarter. De Lisle Partners LLP raised its holdings in shares of Golar LNG by 9.1% in the third quarter. De Lisle Partners LLP now owns 249,390 shares of the shipping company’s stock valued at $9,169,000 after buying an additional 20,890 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Golar LNG by 467.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock worth $82,232,000 after buying an additional 1,843,100 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Golar LNG by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company’s stock worth $8,049,000 after acquiring an additional 59,188 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Golar LNG by 21.8% in the 3rd quarter. Stifel Financial Corp now owns 639,813 shares of the shipping company’s stock valued at $23,520,000 after acquiring an additional 114,531 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GLNG. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research report on Thursday, March 20th. DNB Markets downgraded Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Fearnley Fonds raised Golar LNG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus boosted their target price on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Golar LNG currently has a consensus rating of “Moderate Buy” and an average price target of $50.13.

Golar LNG Price Performance

Shares of NASDAQ GLNG opened at $40.35 on Wednesday. Golar LNG Limited has a fifty-two week low of $23.45 and a fifty-two week high of $44.36. The firm has a market capitalization of $4.21 billion, a P/E ratio of 288.23 and a beta of 0.78. The company’s 50 day simple moving average is $38.80 and its 200 day simple moving average is $38.58.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. Golar LNG’s dividend payout ratio is currently 208.33%.

Golar LNG 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.