One68 Global Capital LLC Invests $1.84 Million in Golar LNG Limited (NASDAQ:GLNG)

One68 Global Capital LLC acquired a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 43,540 shares of the shipping company's stock, valued at approximately $1,843,000. Golar LNG comprises about 1.0% of One68 Global Capital LLC's investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Golar LNG by 431.3% in the third quarter. Barclays PLC now owns 185,018 shares of the shipping company's stock valued at $6,802,000 after purchasing an additional 150,195 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Golar LNG by 101.6% in the third quarter. Tidal Investments LLC now owns 38,076 shares of the shipping company's stock worth $1,400,000 after acquiring an additional 19,189 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Golar LNG by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company's stock valued at $8,049,000 after acquiring an additional 59,188 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Golar LNG during the fourth quarter valued at $524,000. Finally, USA Financial Formulas purchased a new stake in Golar LNG during the 4th quarter worth about $61,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note 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 upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, DNB Markets upgraded 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. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $49.70.

Golar LNG Stock Down 6.8 %

Shares of GLNG stock traded down $2.91 on Friday, reaching $39.64. 5,435,639 shares of the stock were exchanged, compared to its average volume of 1,408,382. The stock has a market cap of $4.14 billion, a P/E ratio of 283.16 and a beta of 0.47. The firm has a 50 day moving average of $36.79 and a two-hundred day moving average of $38.87. Golar LNG Limited has a 1-year low of $24.66 and a 1-year high of $44.36.

Golar LNG Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 2.52%. Golar LNG's dividend payout ratio is presently 208.33%.

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.