Man Group plc Has $3.58 Million Holdings in Golar LNG Limited (NASDAQ:GLNG)

Man Group plc lowered its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,485 shares of the shipping company's stock after selling 22,997 shares during the period. Man Group plc owned 0.08% of Golar LNG worth $3,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GLNG. Naria Inc. bought a new position in Golar LNG in the 4th quarter valued at $435,226,000. Millennium Management LLC increased its stake in shares of Golar LNG by 49.2% in the fourth quarter. Millennium Management LLC now owns 4,638,045 shares of the shipping company's stock valued at $196,282,000 after buying an additional 1,529,884 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Golar LNG during the 4th quarter worth about $55,413,000. Vanguard Group Inc. grew its holdings in Golar LNG by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company's stock worth $46,260,000 after acquiring an additional 18,475 shares during the last quarter. Finally, Invesco Ltd. increased its position in Golar LNG by 56.3% in the 4th quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock valued at $37,573,000 after acquiring an additional 319,677 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GLNG has been the topic of several research analyst reports. 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. Wall Street Zen raised shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Tuesday, April 22nd. Finally, Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Golar LNG currently has a consensus rating of "Buy" and a consensus price target of $49.70.

Golar LNG Price Performance

GLNG traded up $0.27 during trading on Friday, reaching $37.73. The company had a trading volume of 1,944,410 shares, compared to its average volume of 1,450,136. The company has a market cap of $3.94 billion, a P/E ratio of 269.52 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 fifty day moving average price is $38.00 and its 200 day moving average price is $39.07.

Golar LNG Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. 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.