50,600 Shares in Golar LNG Limited (NASDAQ:GLNG) Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. purchased a new position in Golar LNG Limited (NASDAQ:GLNG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 50,600 shares of the shipping company's stock, valued at approximately $2,141,000.

Several other large investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its stake in shares of Golar LNG by 906.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock valued at $147,000 after buying an additional 3,118 shares during the period. Raymond James Financial Inc. purchased a new position in Golar LNG during the 4th quarter valued at about $310,000. Legal & General Group Plc raised its holdings in shares of Golar LNG by 20.7% in the 4th quarter. Legal & General Group Plc now owns 16,871 shares of the shipping company's stock valued at $714,000 after purchasing an additional 2,897 shares in the last quarter. Invesco Ltd. lifted its position in shares of Golar LNG by 56.3% in the 4th quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock worth $37,573,000 after purchasing an additional 319,677 shares during the period. Finally, Atika Capital Management LLC bought a new position in Golar LNG in the fourth quarter worth approximately $8,401,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Trading Down 0.6 %

GLNG traded down $0.23 during midday trading on Friday, hitting $39.94. 194,997 shares of the company traded hands, compared to its average volume of 1,373,604. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 285.34 and a beta of 0.47. The business has a 50 day simple moving average of $36.62 and a two-hundred day simple moving average of $38.76. Golar LNG Limited has a 52-week low of $24.42 and a 52-week high of $44.36.

Golar LNG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.50%. Golar LNG's payout ratio is currently 208.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GLNG shares. Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. StockNews.com raised Golar LNG to a "sell" rating in a report on Thursday, March 20th. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday. Finally, Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $49.70.

Golar LNG Company 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.