BROOKFIELD Corp ON Has $36.49 Million Stock Position in Golar LNG Limited (NASDAQ:GLNG)

BROOKFIELD Corp ON grew its stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 862,153 shares of the shipping company's stock after purchasing an additional 12,194 shares during the quarter. BROOKFIELD Corp ON owned approximately 0.83% of Golar LNG worth $36,486,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Barclays PLC raised its holdings in shares of Golar LNG by 431.3% during the third quarter. Barclays PLC now owns 185,018 shares of the shipping company's stock worth $6,802,000 after purchasing an additional 150,195 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Golar LNG in the fourth quarter worth about $465,000. JPMorgan Chase & Co. grew its holdings in shares of Golar LNG by 37.0% during the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company's stock valued at $8,049,000 after purchasing an additional 59,188 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Golar LNG during the 4th quarter worth approximately $310,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Golar LNG by 7.8% in the 4th quarter. Wells Fargo & Company MN now owns 120,200 shares of the shipping company's stock worth $5,087,000 after purchasing an additional 8,654 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Golar LNG Stock Down 1.3 %

Golar LNG stock traded down $0.50 during trading hours on Friday, hitting $37.87. 1,594,910 shares of the company traded hands, compared to its average volume of 1,416,981. Golar LNG Limited has a 1-year low of $25.33 and a 1-year high of $44.36. The firm has a market cap of $3.96 billion, a P/E ratio of 270.52 and a beta of 0.62. The firm's 50-day simple moving average is $36.90 and its two-hundred day simple moving average is $38.91.

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 given a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.64%. Golar LNG's dividend payout ratio (DPR) is 208.33%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GLNG. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com raised shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, DNB Markets upgraded 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. One equities research 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 stock. According to MarketBeat.com, Golar LNG has an average rating of "Buy" and an average price target 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.