Rockefeller Capital Management L.P. Acquires New Shares in Golar LNG Limited (NASDAQ:GLNG)

Rockefeller Capital Management L.P. acquired a new stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 50,600 shares of the shipping company's stock, valued at approximately $2,141,000.

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in shares of Golar LNG in the third quarter worth approximately $32,000. USA Financial Formulas purchased a new stake in Golar LNG in the 4th quarter worth $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Golar LNG during the fourth quarter valued at about $107,000. Blue Trust Inc. lifted its position 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 valued at $126,000 after acquiring an additional 1,603 shares in the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Golar LNG during the fourth quarter worth about $141,000. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research report on Tuesday. Dnb Nor Markets upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. StockNews.com raised Golar LNG to a "sell" rating in a research note on Thursday, March 20th. 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 stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $49.70.

Golar LNG Price Performance

Shares of Golar LNG stock traded up $0.67 on Thursday, reaching $40.18. The company had a trading volume of 843,902 shares, compared to its average volume of 1,375,731. The firm's 50-day moving average price is $36.63 and its two-hundred day moving average price is $38.75. Golar LNG Limited has a 1 year low of $24.42 and a 1 year high of $44.36. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 287.02 and a beta of 0.47.

Golar LNG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio is currently 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.