Golar LNG Limited (NASDAQ:GLNG) Stock Position Raised by ProShare Advisors LLC

ProShare Advisors LLC grew its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,871 shares of the shipping company's stock after purchasing an additional 9,169 shares during the period. ProShare Advisors LLC's holdings in Golar LNG were worth $1,180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLNG. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Golar LNG in the fourth quarter valued at approximately $107,000. Blue Trust Inc. boosted its holdings in shares of Golar LNG by 116.8% in the fourth 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 shares of Golar LNG in the fourth quarter valued at approximately $141,000. Sterling Capital Management LLC boosted its holdings in shares of Golar LNG by 906.4% in the fourth 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 shares of Golar LNG in the fourth quarter valued at approximately $200,000. Institutional investors own 92.21% of the company's stock.

Golar LNG Stock Up 3.7%

NASDAQ:GLNG traded up $1.39 during trading hours on Tuesday, reaching $39.12. 2,747,611 shares of the company's stock were exchanged, compared to its average volume of 1,455,894. The company has a market capitalization of $4.09 billion, a P/E ratio of 279.81 and a beta of 0.62. Golar LNG Limited has a 12 month low of $25.33 and a 12 month high of $44.36. The business's 50-day simple moving average is $38.01 and its two-hundred day simple moving average is $39.07.

Golar LNG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.56%. Golar LNG's dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GLNG shares. Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average 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.