Barclays PLC Sells 36,098 Shares of Golar LNG Limited (NASDAQ:GLNG)

Barclays PLC reduced its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 19.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,920 shares of the shipping company’s stock after selling 36,098 shares during the quarter. Barclays PLC owned about 0.14% of Golar LNG worth $6,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLNG. Tidal Investments LLC raised its holdings in Golar LNG by 101.6% during the 3rd quarter. Tidal Investments LLC now owns 38,076 shares of the shipping company’s stock valued at $1,400,000 after buying an additional 19,189 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 59,188 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Golar LNG in the 4th quarter worth about $524,000. USA Financial Formulas purchased a new position in shares of Golar LNG during the 4th quarter worth about $61,000. Finally, Procyon Advisors LLC bought a new position in Golar LNG during the 4th quarter valued at about $224,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLNG has been the subject of several recent analyst reports. DNB Markets upgraded Golar LNG from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday. StockNews.com raised Golar LNG to a “sell” rating in a research report on Thursday, March 20th. Dnb Nor Markets upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Fearnley Fonds raised shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $49.70.

Golar LNG Price Performance

GLNG stock opened at $40.17 on Friday. Golar LNG Limited has a 1-year low of $24.42 and a 1-year high of $44.36. The business has a 50-day moving average price of $36.62 and a 200 day moving average price of $38.76. The company has a market capitalization of $4.20 billion, a P/E ratio of 286.95 and a beta of 0.47.

Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. Golar LNG’s dividend payout ratio is presently 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.