Barclays PLC Has $6.30 Million Stake in Golar LNG Limited (NASDAQ:GLNG)

Barclays PLC reduced its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Golar LNG by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company's stock valued at $46,260,000 after purchasing an additional 18,475 shares in the last quarter. Invesco Ltd. boosted its stake in Golar LNG by 56.3% during the 4th quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock valued at $37,573,000 after purchasing an additional 319,677 shares in the last quarter. Discovery Capital Management LLC CT bought a new position in Golar LNG during the 4th quarter valued at $17,719,000. JPMorgan Chase & Co. boosted its stake in Golar LNG by 60.2% during the 4th quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company's stock valued at $14,848,000 after purchasing an additional 131,887 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Golar LNG by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 279,238 shares of the shipping company's stock valued at $11,817,000 after purchasing an additional 6,588 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DNB Markets raised Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Tuesday, April 22nd. StockNews.com raised Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Golar LNG has an average rating of "Buy" and a consensus target price of $49.70.

Golar LNG Stock Performance

NASDAQ:GLNG traded up $1.01 during trading hours on Wednesday, hitting $42.51. 2,451,155 shares of the company's stock traded hands, compared to its average volume of 1,389,189. The stock's fifty day moving average price is $36.70 and its two-hundred day moving average price is $38.84. The firm has a market cap of $4.44 billion, a P/E ratio of 303.66 and a beta of 0.47. Golar LNG Limited has a twelve month low of $24.42 and a twelve month high of $44.36.

Golar LNG Dividend Announcement

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 was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.35%. Golar LNG's dividend 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.