J. Goldman & Co LP lessened its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 15.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,203,832 shares of the shipping company's stock after selling 214,574 shares during the period. Golar LNG makes up 1.3% of J. Goldman & Co LP's portfolio, making the stock its 7th biggest position. J. Goldman & Co LP owned approximately 1.15% of Golar LNG worth $50,946,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Summit Investment Advisors Inc. increased its position in shares of Golar LNG by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company's stock worth $438,000 after purchasing an additional 328 shares during the last quarter. Mariner LLC increased its position in shares of Golar LNG by 7.4% during the 4th quarter. Mariner LLC now owns 5,995 shares of the shipping company's stock worth $254,000 after purchasing an additional 414 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Golar LNG by 5.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company's stock worth $444,000 after purchasing an additional 500 shares during the last quarter. Metis Global Partners LLC increased its position in shares of Golar LNG by 9.8% during the 4th quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company's stock worth $254,000 after purchasing an additional 534 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in shares of Golar LNG by 13.3% during the 4th quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company's stock worth $312,000 after purchasing an additional 866 shares during the last quarter. Institutional investors own 92.21% of the company's stock.
Golar LNG Price Performance
NASDAQ GLNG traded up $0.05 on Wednesday, reaching $39.89. The stock had a trading volume of 1,386,504 shares, compared to its average volume of 1,431,149. The firm has a fifty day moving average of $37.11 and a two-hundred day moving average of $38.95. Golar LNG Limited has a 1-year low of $25.33 and a 1-year high of $44.36. The company has a market cap of $4.17 billion, a P/E ratio of 284.95 and a beta of 0.62.
Golar LNG Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio is 208.33%.
Wall Street Analysts Forecast Growth
GLNG has been the topic of a number of recent analyst reports. StockNews.com raised Golar LNG to a "sell" rating in a report on Thursday, March 20th. DNB Markets raised Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Tuesday, April 22nd. Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. 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 an average rating of "Buy" and an average target price of $49.70.
Get Our Latest Report on Golar LNG
Golar LNG Company Profile
(
Free Report)
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.
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