Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Diametric Capital LP

Diametric Capital LP lessened its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,315 shares of the shipping company's stock after selling 42,918 shares during the quarter. Golar LNG makes up about 0.8% of Diametric Capital LP's portfolio, making the stock its 24th biggest holding. Diametric Capital LP's holdings in Golar LNG were worth $1,241,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in Golar LNG during the third quarter worth about $32,000. USA Financial Formulas acquired a new position in shares of Golar LNG during the 4th quarter worth approximately $61,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Golar LNG in the fourth quarter valued at approximately $107,000. Blue Trust Inc. increased its holdings 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 purchasing an additional 1,603 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Golar LNG in the fourth quarter valued at approximately $141,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Golar LNG Trading Down 9.1 %

GLNG traded down $3.07 on Friday, hitting $30.70. The company had a trading volume of 4,899,200 shares, compared to its average volume of 1,318,519. The firm has a market cap of $3.21 billion, a P/E ratio of 219.30 and a beta of 0.78. The company's fifty day moving average price is $38.06 and its 200 day moving average price is $38.80. Golar LNG Limited has a 1 year low of $24.21 and a 1 year high of $44.36.

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Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders 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 annualized dividend and a dividend yield of 3.26%. Golar LNG's dividend payout ratio is currently 208.33%.

Analysts Set New Price Targets

Several analysts have issued reports on GLNG shares. StockNews.com upgraded Golar LNG to a "sell" rating in a report on Thursday, March 20th. DNB Markets lowered shares of Golar LNG from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Stifel Nicolaus lifted their target price 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. 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 research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Golar LNG presently has a consensus rating of "Moderate Buy" and an average price target of $50.13.

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.