State of Wyoming Sells 13,486 Shares of Golar LNG Limited (NASDAQ:GLNG)

State of Wyoming reduced its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 71.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,452 shares of the shipping company's stock after selling 13,486 shares during the quarter. State of Wyoming's holdings in Golar LNG were worth $231,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

GLNG has been the subject of several recent analyst reports. DNB Markets raised 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. Wall Street Zen upgraded Golar LNG to a "sell" rating in a report on Thursday, March 20th. Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. BTIG Research reaffirmed a "buy" rating on shares of Golar LNG in a research report on Wednesday. Finally, Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One 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, Golar LNG presently has a consensus rating of "Buy" and an average price target of $49.70.

Golar LNG Trading Up 1.1%

Shares of Golar LNG stock traded up $0.45 on Thursday, hitting $41.96. The stock had a trading volume of 498,455 shares, compared to its average volume of 1,458,212. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 299.74 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 company's 50 day moving average price is $38.10 and its 200 day moving average price is $39.09.

Golar LNG (NASDAQ:GLNG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The shipping company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.09. The company had revenue of $63.00 million for the quarter, compared to analyst estimates of $64.90 million. Golar LNG had a return on equity of 9.12% and a net margin of 4.92%. Analysts predict that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. Golar LNG's dividend payout ratio is currently 208.33%.

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.