Deutsche Bank AG Has $4.73 Million Stock Position in Golar LNG Limited (NASDAQ:GLNG)

Deutsche Bank AG grew its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,740 shares of the shipping company's stock after purchasing an additional 21,424 shares during the period. Deutsche Bank AG owned 0.11% of Golar LNG worth $4,729,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GLNG. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Golar LNG in the 4th quarter worth about $107,000. Blue Trust Inc. increased its holdings in shares of Golar LNG by 116.8% in the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock worth $126,000 after acquiring an additional 1,603 shares during the period. J.Safra Asset Management Corp acquired a new stake in shares of Golar LNG in the 4th quarter worth about $141,000. Sterling Capital Management LLC increased its holdings in shares of Golar LNG by 906.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock worth $147,000 after acquiring an additional 3,118 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Golar LNG in the 4th quarter worth about $200,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Golar LNG Stock Down 2.4%

Golar LNG stock traded down $0.93 during trading hours on Thursday, hitting $37.46. 1,558,972 shares of the company traded hands, compared to its average volume of 1,444,384. The firm has a market cap of $3.92 billion, a P/E ratio of 267.59 and a beta of 0.62. The firm's 50-day simple moving average is $37.90 and its two-hundred day simple moving average is $39.04. Golar LNG Limited has a 1-year low of $25.33 and a 1-year high of $44.36.

Golar LNG Dividend Announcement

The firm also recently disclosed 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 was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.67%. Golar LNG's dividend payout ratio (DPR) is 208.33%.

Wall Street Analysts Forecast Growth

GLNG has been the topic of a number of analyst reports. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target 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.