Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its holdings in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 94.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 972 shares of the shipping company's stock after selling 15,990 shares during the quarter. Tower Research Capital LLC TRC's holdings in Golar LNG were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLNG. Vanguard Group Inc. boosted its holdings in shares of Golar LNG by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company's stock valued at $46,260,000 after acquiring an additional 18,475 shares during the period. Invesco Ltd. boosted its holdings in shares of Golar LNG by 56.3% in the fourth quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock valued at $37,573,000 after acquiring an additional 319,677 shares during the period. Discovery Capital Management LLC CT acquired a new stake in shares of Golar LNG in the fourth quarter valued at approximately $17,719,000. JPMorgan Chase & Co. boosted its holdings in shares of Golar LNG by 60.2% in the fourth quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company's stock valued at $14,848,000 after acquiring an additional 131,887 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Golar LNG by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 279,238 shares of the shipping company's stock valued at $11,817,000 after acquiring an additional 6,588 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. 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 price objective for the company in a report on Tuesday, April 22nd. Finally, Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $49.70.

Golar LNG Price Performance

Shares of NASDAQ GLNG opened at $39.84 on Wednesday. The stock has a fifty day moving average price of $36.98 and a 200 day moving average price of $38.94. 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 $4.16 billion, a PE ratio of 284.59 and a beta of 0.62.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio is presently 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.

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