De Lisle Partners LLP Has $9.17 Million Holdings in Golar LNG Limited (NASDAQ:GLNG)

De Lisle Partners LLP raised its holdings in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 9.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 249,390 shares of the shipping company's stock after buying an additional 20,890 shares during the quarter. Golar LNG accounts for about 1.5% of De Lisle Partners LLP's investment portfolio, making the stock its 15th largest position. De Lisle Partners LLP owned about 0.24% of Golar LNG worth $9,169,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GLNG. Vanguard Group Inc. increased its holdings in shares of Golar LNG by 74.4% during the 1st quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company's stock worth $24,436,000 after purchasing an additional 433,299 shares during the period. SG Americas Securities LLC grew its holdings in shares of Golar LNG by 532.0% during the 2nd quarter. SG Americas Securities LLC now owns 133,444 shares of the shipping company's stock worth $4,183,000 after purchasing an additional 112,331 shares in the last quarter. Murchinson Ltd. bought a new stake in shares of Golar LNG during the second quarter valued at approximately $1,301,000. Royce & Associates LP lifted its position in Golar LNG by 102.5% in the third quarter. Royce & Associates LP now owns 81,000 shares of the shipping company's stock worth $2,978,000 after purchasing an additional 41,000 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in Golar LNG by 4.4% during the second quarter. Pinnacle Associates Ltd. now owns 1,500,628 shares of the shipping company's stock worth $47,045,000 after buying an additional 63,180 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GLNG shares. Stifel Nicolaus reduced their price objective on shares of Golar LNG from $55.00 to $53.00 and set a "buy" rating for the company in a report on Friday, August 16th. Fearnley Fonds downgraded shares of Golar LNG from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Golar LNG from $43.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Finally, StockNews.com raised shares of Golar LNG to a "sell" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $49.63.

Golar LNG Price Performance

Shares of Golar LNG stock traded down $0.22 during mid-day trading on Thursday, reaching $39.29. 1,056,433 shares of the stock were exchanged, compared to its average volume of 1,202,342. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 280.66 and a beta of 0.58. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The firm has a 50-day simple moving average of $37.13 and a 200 day simple moving average of $33.18. Golar LNG Limited has a fifty-two week low of $19.94 and a fifty-two week high of $41.54.

Golar LNG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, November 25th. Golar LNG's dividend payout ratio (DPR) is currently 714.34%.

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.