Teza Capital Management LLC Invests $2.65 Million in Golar LNG Limited (NASDAQ:GLNG)

Teza Capital Management LLC purchased a new position in Golar LNG Limited (NASDAQ:GLNG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,655 shares of the shipping company's stock, valued at approximately $2,652,000. Teza Capital Management LLC owned approximately 0.06% of Golar LNG as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLNG. Summit Investment Advisors Inc. grew its stake in shares of Golar LNG by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company's stock valued at $438,000 after acquiring an additional 328 shares during the period. Mariner LLC lifted its holdings in Golar LNG by 7.4% during the fourth quarter. Mariner LLC now owns 5,995 shares of the shipping company's stock valued at $254,000 after purchasing an additional 414 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of Golar LNG by 5.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company's stock worth $444,000 after purchasing an additional 500 shares during the period. Metis Global Partners LLC increased its stake in shares of Golar LNG by 9.8% in the fourth quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company's stock worth $254,000 after purchasing an additional 534 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in shares of Golar LNG by 13.3% in the fourth quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company's stock worth $312,000 after purchasing an additional 866 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Wall Street Analyst Weigh In

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

Golar LNG Stock Up 0.1%

GLNG stock traded up $0.06 during mid-day trading on Friday, hitting $37.52. The company had a trading volume of 728,354 shares, compared to its average volume of 1,444,212. The company has a 50-day moving average price of $37.95 and a 200 day moving average price of $39.06. Golar LNG Limited has a 12-month low of $25.33 and a 12-month high of $44.36. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 267.83 and a beta of 0.62.

Golar LNG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.67%. Golar LNG's dividend payout ratio is currently 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.