Rhumbline Advisers Has $5.73 Million Stake in Golar LNG Limited (NASDAQ:GLNG)

Rhumbline Advisers decreased its stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,915 shares of the shipping company's stock after selling 7,893 shares during the period. Rhumbline Advisers owned approximately 0.14% of Golar LNG worth $5,733,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GLNG. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Golar LNG in the 4th quarter valued at $107,000. J.Safra Asset Management Corp acquired a new position in shares of Golar LNG in the 4th quarter worth approximately $141,000. Sterling Capital Management LLC boosted its stake in Golar LNG by 906.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock valued at $147,000 after buying an additional 3,118 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in Golar LNG during the fourth quarter worth $200,000. Finally, Schechter Investment Advisors LLC acquired a new stake in shares of Golar LNG in the 4th quarter valued at $203,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GLNG has been the subject of several recent analyst reports. Wall Street Zen raised shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. 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. DNB Markets upgraded Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Tuesday, April 22nd. BTIG Research reissued a "buy" rating on shares of Golar LNG in a report on Wednesday, May 28th. 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 investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $49.70.

Golar LNG Price Performance

NASDAQ:GLNG traded down $0.03 during trading hours on Friday, reaching $42.25. 1,751,727 shares of the stock were exchanged, compared to its average volume of 1,457,033. The stock has a market cap of $4.42 billion, a PE ratio of 301.81 and a beta of 0.57. Golar LNG Limited has a twelve month low of $27.18 and a twelve month high of $44.36. The firm has a 50 day moving average of $39.15 and a 200 day moving average of $39.51.

Golar LNG (NASDAQ:GLNG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09. The company had revenue of $63.00 million during the quarter, compared to analysts' expectations of $64.90 million. Golar LNG had a return on equity of 9.12% and a net margin of 4.92%. Equities research analysts anticipate that Golar LNG Limited will post 1.39 earnings per share for the current year.

Golar LNG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. Golar LNG's dividend payout ratio is currently 3,333.33%.

Golar LNG Company 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.