Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,555 shares of the shipping company's stock after selling 12,610 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Golar LNG worth $2,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLNG. Kingswood Wealth Advisors LLC grew its position in shares of Golar LNG by 5.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company's stock valued at $444,000 after acquiring an additional 500 shares during the period. Metis Global Partners LLC grew 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 purchasing an additional 534 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Golar LNG during the 3rd quarter valued at about $32,000. Merit Financial Group LLC lifted its position in Golar LNG by 13.3% in the fourth 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 during the last quarter. Finally, Terril Brothers Inc. increased its position in Golar LNG by 8.6% during the fourth quarter. Terril Brothers Inc. now owns 11,400 shares of the shipping company's stock valued at $482,000 after acquiring an additional 900 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently 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. Stifel Nicolaus lifted their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, December 24th. StockNews.com upgraded Golar LNG to a "sell" rating in a research note on Thursday, March 20th. DNB Markets raised 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. Finally, Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $49.70.

Golar LNG Stock Up 0.9 %

NASDAQ:GLNG traded up $0.34 during mid-day trading on Wednesday, reaching $39.20. 302,667 shares of the stock were exchanged, compared to its average volume of 1,369,800. The stock has a market capitalization of $4.10 billion, a P/E ratio of 280.02 and a beta of 0.47. Golar LNG Limited has a 1 year low of $24.42 and a 1 year high of $44.36. The company has a 50 day simple moving average of $36.66 and a 200-day simple moving average of $38.74.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's payout ratio is currently 208.33%.

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.