Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Ellevest Inc.

Ellevest Inc. reduced its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 40.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,374 shares of the shipping company's stock after selling 7,618 shares during the period. Ellevest Inc.'s holdings in Golar LNG were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GLNG. Encompass Capital Advisors LLC acquired a new stake in Golar LNG in the 4th quarter worth approximately $55,413,000. Deutsche Bank AG lifted its position in Golar LNG by 23.7% during the 4th quarter. Deutsche Bank AG now owns 111,740 shares of the shipping company's stock worth $4,729,000 after acquiring an additional 21,424 shares during the period. BROOKFIELD Corp ON grew its stake in Golar LNG by 1.4% during the 4th quarter. BROOKFIELD Corp ON now owns 862,153 shares of the shipping company's stock valued at $36,486,000 after purchasing an additional 12,194 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Golar LNG in the fourth quarter worth about $11,097,000. Finally, Bank of America Corp DE lifted its holdings in shares of Golar LNG by 100.1% during the fourth quarter. Bank of America Corp DE now owns 398,473 shares of the shipping company's stock worth $16,863,000 after purchasing an additional 199,351 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DNB Markets upgraded Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock 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 report on Wednesday, March 19th. Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, StockNews.com upgraded Golar LNG to a "sell" rating in a research note on Thursday, March 20th. One investment 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 data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $49.70.

Golar LNG Stock Down 1.6%

Shares of NASDAQ:GLNG traded down $0.66 during trading on Thursday, reaching $39.24. 587,922 shares of the company's stock traded hands, compared to its average volume of 1,428,030. The firm has a market cap of $4.10 billion, a PE ratio of 280.52 and a beta of 0.62. Golar LNG Limited has a fifty-two week low of $25.33 and a fifty-two week high of $44.36. The company has a 50-day simple moving average of $37.11 and a 200-day simple moving average of $38.95.

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Tuesday, March 11th. Golar LNG's payout ratio is 208.33%.

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.