Golar LNG Limited (NASDAQ:GLNG) is Bardin Hill Management Partners LP's 5th Largest Position

Bardin Hill Management Partners LP grew its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,848 shares of the shipping company's stock after acquiring an additional 20,114 shares during the period. Golar LNG comprises approximately 3.8% of Bardin Hill Management Partners LP's holdings, making the stock its 5th largest position. Bardin Hill Management Partners LP owned about 0.18% of Golar LNG worth $7,992,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC grew its holdings in Golar LNG by 431.3% during the third quarter. Barclays PLC now owns 185,018 shares of the shipping company's stock valued at $6,802,000 after purchasing an additional 150,195 shares during the period. Tidal Investments LLC lifted its holdings in Golar LNG by 101.6% during the third quarter. Tidal Investments LLC now owns 38,076 shares of the shipping company's stock valued at $1,400,000 after purchasing an additional 19,189 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Golar LNG by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company's stock worth $8,049,000 after purchasing an additional 59,188 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of Golar LNG in the fourth quarter worth $524,000. Finally, USA Financial Formulas bought a new stake in shares of Golar LNG during the 4th quarter valued at $61,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com upgraded Golar LNG to a "sell" rating in a research report on Thursday, March 20th. Finally, DNB Markets upgraded Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday, April 22nd. 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 company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $49.70.

Golar LNG Stock Up 0.6 %

NASDAQ GLNG traded up $0.24 during trading hours on Tuesday, hitting $40.07. 1,206,158 shares of the company were exchanged, compared to its average volume of 1,414,206. The stock has a 50-day moving average price of $36.82 and a 200 day moving average price of $38.89. Golar LNG Limited has a 52 week low of $24.94 and a 52 week high of $44.36. The stock has a market cap of $4.19 billion, a PE ratio of 286.23 and a beta of 0.62.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio (DPR) is 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.