Nebula Research & Development LLC Takes Position in Golar LNG Limited (NASDAQ:GLNG)

Nebula Research & Development LLC purchased 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 and Exchange Commission. The fund purchased 18,951 shares of the shipping company's stock, valued at approximately $802,000.

Other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its position in shares of Golar LNG by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company's stock valued at $438,000 after acquiring an additional 328 shares in the last quarter. Mariner LLC raised its stake in shares of Golar LNG by 7.4% in the fourth quarter. Mariner LLC now owns 5,995 shares of the shipping company's stock worth $254,000 after purchasing an additional 414 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Golar LNG by 5.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company's stock valued at $444,000 after purchasing an additional 500 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of Golar LNG by 9.8% during the fourth quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company's stock valued at $254,000 after buying an additional 534 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in Golar LNG by 13.3% in the 4th quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company's stock worth $312,000 after buying an additional 866 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Stock Down 6.8 %

NASDAQ:GLNG traded down $2.91 during mid-day trading on Friday, hitting $39.64. 5,435,639 shares of the company traded hands, compared to its average volume of 1,411,200. The stock's fifty day moving average price is $36.79 and its 200-day moving average price is $38.87. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 283.16 and a beta of 0.47. Golar LNG Limited has a one year low of $24.94 and a one year high of $44.36.

Golar LNG Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's payout ratio is 208.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GLNG. StockNews.com raised shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, April 22nd. Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price 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.