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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Naria Inc. purchased a new stake in Golar LNG in the fourth quarter worth approximately $435,226,000. Millennium Management LLC raised its holdings in Golar LNG by 49.2% in the 4th quarter. Millennium Management LLC now owns 4,638,045 shares of the shipping company's stock worth $196,282,000 after purchasing an additional 1,529,884 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in Golar LNG in the fourth quarter worth about $55,413,000. Jefferies Financial Group Inc. purchased a new position in shares of Golar LNG during the 4th quarter worth approximately $24,394,000. Finally, Discovery Capital Management LLC CT bought a new stake in shares of Golar LNG during the fourth quarter valued at approximately $17,719,000. 92.21% of the stock is currently owned by institutional investors.

Golar LNG Price Performance

Shares of Golar LNG stock traded up $1.38 during trading hours on Tuesday, reaching $39.11. The company's stock had a trading volume of 4,028,390 shares, compared to its average volume of 1,460,449. The stock has a market cap of $4.09 billion, a P/E ratio of 279.38 and a beta of 0.62. Golar LNG Limited has a one year low of $25.33 and a one year high of $44.36. The firm has a 50 day moving average price of $38.01 and a 200-day moving average price of $39.07.

Golar LNG Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GLNG shares. Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Golar LNG to a "sell" rating in a research note 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 objective for the company in a report on Tuesday, April 22nd. Finally, Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. One 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 company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price 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.