American Century Companies Inc. decreased its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,164,842 shares of the shipping company's stock after selling 47,675 shares during the quarter. American Century Companies Inc. owned about 1.12% of Golar LNG worth $49,296,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in Golar LNG by 431.3% during the 3rd 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 in the last quarter. De Lisle Partners LLP raised its holdings in shares of Golar LNG by 9.1% in the 3rd quarter. De Lisle Partners LLP now owns 249,390 shares of the shipping company's stock worth $9,169,000 after acquiring an additional 20,890 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Golar LNG by 467.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company's stock valued at $82,232,000 after purchasing an additional 1,843,100 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Golar LNG by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company's stock worth $8,049,000 after purchasing an additional 59,188 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Golar LNG by 21.8% in the third quarter. Stifel Financial Corp now owns 639,813 shares of the shipping company's stock worth $23,520,000 after purchasing an additional 114,531 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
GLNG has been the subject of several recent research reports. Stifel Nicolaus upped their price target on Golar LNG from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, December 24th. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. Finally, DNB Markets downgraded shares of Golar LNG from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Golar LNG presently has an average rating of "Moderate Buy" and a consensus price target of $50.13.
Check Out Our Latest Research Report on GLNG
Golar LNG Trading Down 3.4 %
Shares of NASDAQ:GLNG traded down $1.34 during midday trading on Friday, reaching $37.88. The company had a trading volume of 1,280,105 shares, compared to its average volume of 1,298,393. Golar LNG Limited has a 52-week low of $23.74 and a 52-week high of $44.36. The company's 50 day moving average price is $38.63 and its 200 day moving average price is $38.74. The stock has a market cap of $3.95 billion, a P/E ratio of 270.59 and a beta of 0.78.
Golar LNG Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.64%. Golar LNG's dividend payout ratio (DPR) is presently 208.33%.
Golar LNG Company Profile
(
Free Report)
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.
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