Deutsche Bank AG Boosts Position in Golar LNG Limited (NASDAQ:GLNG)

Deutsche Bank AG increased its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,740 shares of the shipping company's stock after purchasing an additional 21,424 shares during the period. Deutsche Bank AG owned approximately 0.11% of Golar LNG worth $4,729,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Golar LNG in the 4th quarter worth $107,000. Blue Trust Inc. lifted its stake in Golar LNG by 116.8% during the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock valued at $126,000 after acquiring an additional 1,603 shares in the last quarter. J.Safra Asset Management Corp bought a new position in Golar LNG during the 4th quarter valued at $141,000. Sterling Capital Management LLC lifted its stake in Golar LNG by 906.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock valued at $147,000 after acquiring an additional 3,118 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in Golar LNG during the 4th quarter valued at $200,000. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. DNB Markets upgraded Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, April 22nd. Wall Street Zen upgraded Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Finally, Dnb Nor Markets upgraded 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 given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $49.70.

Golar LNG Price Performance

Shares of NASDAQ GLNG traded up $0.27 during mid-day trading on Friday, reaching $37.73. 1,944,410 shares of the company's stock were exchanged, compared to its average volume of 1,450,136. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 269.52 and a beta of 0.62. Golar LNG Limited has a 52 week low of $25.33 and a 52 week high of $44.36. The firm has a 50-day moving average price of $38.00 and a two-hundred day moving average price of $39.07.

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date was Tuesday, March 11th. Golar LNG's dividend payout ratio (DPR) 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.