Moore Capital Management LP Raises Position in Golar LNG Limited (NASDAQ:GLNG)

Moore Capital Management LP increased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 244.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 234,115 shares of the shipping company's stock after purchasing an additional 166,115 shares during the period. Moore Capital Management LP owned 0.22% of Golar LNG worth $9,908,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in Golar LNG during the fourth quarter valued at approximately $1,942,000. Jefferies Financial Group Inc. acquired a new position in Golar LNG during the fourth quarter valued at approximately $24,394,000. GeoSphere Capital Management LLC acquired a new position in Golar LNG during the fourth quarter valued at approximately $2,751,000. Graham Capital Management L.P. acquired a new position in Golar LNG during the fourth quarter valued at approximately $3,174,000. Finally, Encompass Capital Advisors LLC acquired a new position in Golar LNG during the fourth quarter valued at approximately $55,413,000. Institutional investors own 92.21% of the company's stock.

Golar LNG Trading Up 0.1%

Shares of GLNG traded up $0.05 on Wednesday, reaching $39.89. The company's stock had a trading volume of 1,386,504 shares, compared to its average volume of 1,431,149. Golar LNG Limited has a twelve month low of $25.33 and a twelve month high of $44.36. The stock has a market capitalization of $4.17 billion, a PE ratio of 284.95 and a beta of 0.62. The firm has a fifty day moving average of $37.11 and a 200-day moving average of $38.95.

Golar LNG Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.51%. Golar LNG's dividend payout ratio is currently 208.33%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GLNG. DNB Markets upgraded shares of 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. StockNews.com upgraded Golar LNG to a "sell" rating in a report on Thursday, March 20th. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Dnb Nor Markets upgraded 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 issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Golar LNG has a consensus rating of "Buy" and a consensus price target of $49.70.

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.