Two Sigma Advisers LP Sells 26,800 Shares of Golar LNG Limited (NASDAQ:GLNG)

Two Sigma Advisers LP cut its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 291,351 shares of the shipping company's stock after selling 26,800 shares during the period. Two Sigma Advisers LP owned approximately 0.28% of Golar LNG worth $12,330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Golar LNG in the fourth quarter worth approximately $107,000. Blue Trust Inc. increased 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 buying an additional 1,603 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in Golar LNG during the 4th quarter valued at $141,000. Sterling Capital Management LLC raised its stake in Golar LNG by 906.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock valued at $147,000 after purchasing an additional 3,118 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in Golar LNG during the 4th quarter valued at $200,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GLNG shares. Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, April 22nd. Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of Golar LNG to a "sell" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $49.70.

Golar LNG Price Performance

GLNG stock traded up $1.49 during midday trading on Wednesday, hitting $40.60. The company's stock had a trading volume of 813,576 shares, compared to its average volume of 1,688,797. Golar LNG Limited has a twelve month low of $25.33 and a twelve month high of $44.36. The company's fifty day moving average price is $38.03 and its 200 day moving average price is $39.07. The stock has a market capitalization of $4.24 billion, a P/E ratio of 290.54 and a beta of 0.62.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 2.46%. Golar LNG's payout ratio is currently 208.33%.

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.