Golar LNG Limited (NASDAQ:GLNG) is AYAL Capital Advisors Ltd's Largest Position

AYAL Capital Advisors Ltd lessened its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 19.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 224,100 shares of the shipping company's stock after selling 54,372 shares during the period. Golar LNG makes up about 2.5% of AYAL Capital Advisors Ltd's holdings, making the stock its largest position. AYAL Capital Advisors Ltd owned 0.21% of Golar LNG worth $9,484,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GLNG. Discovery Capital Management LLC CT purchased a new position in shares of Golar LNG in the 4th quarter worth approximately $17,719,000. Invesco Ltd. boosted its holdings 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 buying an additional 319,677 shares during the last quarter. Atika Capital Management LLC bought a new position in Golar LNG during the fourth quarter valued at about $8,401,000. ARS Investment Partners LLC boosted its stake in Golar LNG by 1,158.1% in the fourth quarter. ARS Investment Partners LLC now owns 213,876 shares of the shipping company's stock valued at $9,051,000 after acquiring an additional 196,876 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Golar LNG in the fourth quarter worth $8,282,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Analysts Set New Price Targets

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

Golar LNG Price Performance

Golar LNG stock traded up $0.24 during midday trading on Tuesday, reaching $40.07. 1,206,158 shares of the company traded hands, compared to its average volume of 1,414,206. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 286.23 and a beta of 0.62. Golar LNG Limited has a 12 month low of $24.94 and a 12 month high of $44.36. The business has a 50 day moving average of $36.82 and a two-hundred day moving average of $38.89.

Golar LNG Dividend Announcement

The firm also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Tuesday, March 11th. Golar LNG's dividend payout ratio is presently 208.33%.

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.