Golar LNG Limited (NASDAQ:GLNG) Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 58.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,797 shares of the shipping company's stock after buying an additional 7,275 shares during the period. Hsbc Holdings PLC's holdings in Golar LNG were worth $834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLNG. Discovery Capital Management LLC CT bought a new position in shares of Golar LNG during the fourth quarter valued at approximately $17,719,000. Invesco Ltd. grew its stake in Golar LNG by 56.3% during the 4th quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock worth $37,573,000 after buying an additional 319,677 shares during the last quarter. Atika Capital Management LLC acquired a new stake in Golar LNG in the fourth quarter worth $8,401,000. ARS Investment Partners LLC lifted its stake in Golar LNG by 1,158.1% in the fourth quarter. ARS Investment Partners LLC now owns 213,876 shares of the shipping company's stock valued at $9,051,000 after buying an additional 196,876 shares during the last quarter. Finally, Charter Oak Advisors LP acquired a new position in shares of Golar LNG during the fourth quarter valued at $8,016,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Ratings Changes

GLNG has been the topic of a number of analyst reports. Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. StockNews.com raised Golar LNG to a "sell" rating in a 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 research report on Tuesday, April 22nd. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $49.70.

Golar LNG Price Performance

Shares of Golar LNG stock traded down $0.62 during trading on Thursday, hitting $38.37. The stock had a trading volume of 2,363,910 shares, compared to its average volume of 1,412,662. The business has a fifty day moving average of $36.87 and a two-hundred day moving average of $38.90. Golar LNG Limited has a fifty-two week low of $25.33 and a fifty-two week high of $44.36. The firm has a market cap of $4.01 billion, a P/E ratio of 274.09 and a beta of 0.62.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.61%. 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.