Naria Inc. acquired a new position in Golar LNG Limited (NASDAQ:GLNG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,284,166 shares of the shipping company's stock, valued at approximately $435,226,000. Golar LNG makes up 100.0% of Naria Inc.'s holdings, making the stock its largest holding. Naria Inc. owned 9.85% of Golar LNG as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in shares of Golar LNG in the 4th quarter worth approximately $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Golar LNG during the fourth quarter valued at about $107,000. Blue Trust Inc. increased its holdings 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 worth $126,000 after buying an additional 1,603 shares during the period. J.Safra Asset Management Corp bought a new stake in shares of Golar LNG in the 4th quarter valued at about $141,000. Finally, Sterling Capital Management LLC boosted its holdings in Golar LNG by 906.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock valued at $147,000 after acquiring an additional 3,118 shares during the period. Institutional investors own 92.21% of the company's stock.
Wall Street Analyst Weigh In
GLNG has been the topic of several recent analyst reports. DNB Markets upgraded shares of 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. StockNews.com raised shares of Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $49.70.
View Our Latest Stock Report on GLNG
Golar LNG Price Performance
Golar LNG stock opened at $39.84 on Wednesday. Golar LNG Limited has a one year low of $25.33 and a one year high of $44.36. The business's fifty day moving average is $36.98 and its 200 day moving average is $38.94. The stock has a market capitalization 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. Stockholders of record on Tuesday, March 11th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. Golar LNG's dividend payout ratio is presently 208.33%.
Golar LNG Company Profile
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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.
See Also
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