206,173 Shares in Golar LNG Limited (NASDAQ:GLNG) Bought by Sagefield Capital LP

Sagefield Capital LP acquired a new stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 206,173 shares of the shipping company's stock, valued at approximately $8,725,000. Sagefield Capital LP owned approximately 0.20% of Golar LNG at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. USA Financial Formulas purchased a new stake in Golar LNG during the fourth quarter worth about $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Golar LNG during the fourth quarter valued at approximately $107,000. Blue Trust Inc. lifted its holdings in shares of Golar LNG by 116.8% in the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock worth $126,000 after acquiring an additional 1,603 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Golar LNG during the 4th quarter valued at $141,000. Finally, Sterling Capital Management LLC increased its position in Golar LNG by 906.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock valued at $147,000 after purchasing an additional 3,118 shares during the period. 92.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GLNG has been the topic of several recent analyst reports. Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com raised Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Finally, DNB Markets raised Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Golar LNG presently has an average rating of "Buy" and an average target price of $49.70.

Golar LNG Trading Up 1.2%

Shares of GLNG stock opened at $39.48 on Friday. The firm has a fifty day moving average price of $37.41 and a 200 day moving average price of $38.97. The company has a market cap of $4.13 billion, a P/E ratio of 282.02 and a beta of 0.62. Golar LNG Limited has a 12 month low of $25.33 and a 12 month high of $44.36.

Golar LNG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a $0.25 dividend. 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 2.53%. Golar LNG's payout ratio is 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.

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