Golar LNG Limited (NASDAQ:GLNG) Shares Sold by 1492 Capital Management LLC

1492 Capital Management LLC decreased its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 62,770 shares of the shipping company’s stock after selling 1,559 shares during the quarter. 1492 Capital Management LLC’s holdings in Golar LNG were worth $2,656,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Golar LNG during the 3rd quarter valued at approximately $32,000. Barclays PLC lifted its position in Golar LNG by 431.3% during the third quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock valued at $6,802,000 after purchasing an additional 150,195 shares during the period. Tidal Investments LLC boosted its holdings in Golar LNG by 101.6% in the third quarter. Tidal Investments LLC now owns 38,076 shares of the shipping company’s stock valued at $1,400,000 after purchasing an additional 19,189 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Golar LNG by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company’s stock valued at $8,049,000 after purchasing an additional 59,188 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Golar LNG during the 4th quarter valued at about $524,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Price Performance

Shares of NASDAQ:GLNG opened at $38.13 on Friday. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 272.38 and a beta of 0.47. The business’s 50 day moving average price is $36.80 and its 200-day moving average price is $38.75. Golar LNG Limited has a 1 year low of $24.42 and a 1 year high of $44.36.

Golar LNG Announces Dividend

The business also recently announced 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 2.62%. Golar LNG’s dividend payout ratio (DPR) is 208.33%.

Analyst Upgrades and Downgrades

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

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.