EAM Investors LLC Lowers Holdings in Golar LNG Limited (NASDAQ:GLNG)

EAM Investors LLC reduced its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,157 shares of the shipping company's stock after selling 33,729 shares during the quarter. EAM Investors LLC owned 0.07% of Golar LNG worth $2,969,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GLNG. State Street Corp boosted its position in Golar LNG by 5.2% during the third quarter. State Street Corp now owns 1,920,590 shares of the shipping company's stock worth $70,601,000 after purchasing an additional 94,336 shares in the last quarter. Vanguard Group Inc. increased its holdings in Golar LNG by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company's stock worth $46,260,000 after acquiring an additional 18,475 shares in the last quarter. Invesco Ltd. lifted its holdings in Golar LNG by 56.3% during the fourth 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 acquired a new stake in shares of Golar LNG in the fourth quarter valued at about $17,719,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Golar LNG by 60.2% during the fourth quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company's stock worth $14,848,000 after purchasing an additional 131,887 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Trading Up 3.6 %

NASDAQ GLNG traded up $1.35 on Tuesday, reaching $38.80. 430,131 shares of the company were exchanged, compared to its average volume of 1,367,643. Golar LNG Limited has a fifty-two week low of $24.42 and a fifty-two week high of $44.36. The stock has a market capitalization of $4.06 billion, a P/E ratio of 277.02 and a beta of 0.47. The business's fifty day moving average price is $36.70 and its 200 day moving average price is $38.74.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.58%. The ex-dividend date was Tuesday, March 11th. Golar LNG's payout ratio is currently 208.33%.

Analysts Set New Price Targets

GLNG has been the topic of several research analyst reports. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com upgraded Golar LNG to a "sell" rating in a research report on Thursday, March 20th. Stifel Nicolaus lifted their target price on shares of Golar LNG from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, December 24th. 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. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Golar LNG currently has an average rating of "Moderate Buy" and an average target price of $49.70.

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.