Invesco Ltd. Acquires 319,677 Shares of Golar LNG Limited (NASDAQ:GLNG)

Invesco Ltd. increased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 887,842 shares of the shipping company's stock after acquiring an additional 319,677 shares during the quarter. Invesco Ltd. owned about 0.85% of Golar LNG worth $37,573,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GLNG. Public Employees Retirement System of Ohio acquired a new position in shares of Golar LNG in the 3rd quarter valued at approximately $32,000. USA Financial Formulas bought a new stake in Golar LNG during the 4th quarter worth approximately $61,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Golar LNG in the fourth quarter valued at $107,000. Blue Trust Inc. increased its stake 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 during the period. Finally, J.Safra Asset Management Corp acquired a new stake in Golar LNG during the 4th quarter valued at approximately $141,000. 92.21% of the stock is owned by institutional investors.

Golar LNG Stock Up 3.8 %

GLNG traded up $1.41 during trading on Tuesday, hitting $38.86. 1,599,656 shares of the company's stock were exchanged, compared to its average volume of 1,373,990. Golar LNG Limited has a fifty-two week low of $24.42 and a fifty-two week high of $44.36. The stock has a market cap of $4.06 billion, a P/E ratio of 277.59 and a beta of 0.47. The business's 50 day moving average is $36.66 and its two-hundred day moving average is $38.74.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analysts Forecast Growth

GLNG has been the subject of several research analyst reports. StockNews.com raised Golar LNG to a "sell" rating in a research report on Thursday, March 20th. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Stifel Nicolaus upped their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, December 24th. Finally, DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.70.

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.