Schonfeld Strategic Advisors LLC Invests $1.23 Million in Golar LNG Limited (NASDAQ:GLNG)

Schonfeld Strategic Advisors LLC purchased a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,968 shares of the shipping company's stock, valued at approximately $1,226,000.

Other institutional investors have also recently made changes to their positions in the company. USA Financial Formulas purchased a new position in shares of Golar LNG in the 4th quarter valued at about $61,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Golar LNG during the 4th quarter worth approximately $107,000. Blue Trust Inc. lifted its position in shares of Golar LNG by 116.8% during the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock valued at $126,000 after buying an additional 1,603 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Golar LNG during the 4th quarter valued at approximately $141,000. Finally, Sterling Capital Management LLC grew its stake in Golar LNG by 906.4% in 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. Hedge funds and other institutional investors own 92.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GLNG shares. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a research report on Thursday, March 20th. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Dnb Nor Markets upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, DNB Markets upgraded Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $49.70.

Golar LNG Stock Performance

Shares of NASDAQ GLNG traded down $0.50 during midday trading on Friday, reaching $37.87. 1,594,910 shares of the stock were exchanged, compared to its average volume of 1,420,009. 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 $3.96 billion, a P/E ratio of 270.52 and a beta of 0.62. The company has a 50 day simple moving average of $36.93 and a 200 day simple moving average of $38.93.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio is presently 208.33%.

About Golar LNG

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.