Donald Smith & CO. Inc. Has $108.68 Million Holdings in Golar LNG Limited (NASDAQ:GLNG)

Donald Smith & CO. Inc. decreased its holdings in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,568,038 shares of the shipping company's stock after selling 627,294 shares during the quarter. Golar LNG makes up about 2.6% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 16th largest position. Donald Smith & CO. Inc. owned approximately 2.46% of Golar LNG worth $108,679,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GLNG. Discovery Capital Management LLC CT bought a new stake in shares of Golar LNG during the fourth quarter valued at approximately $17,719,000. Intrust Bank NA increased its stake in shares of Golar LNG by 7.6% in the 4th quarter. Intrust Bank NA now owns 36,474 shares of the shipping company's stock valued at $1,544,000 after buying an additional 2,565 shares during the period. Maridea Wealth Management LLC bought a new stake in shares of Golar LNG during the fourth quarter worth $654,000. JPMorgan Chase & Co. boosted its holdings in Golar LNG by 60.2% in the fourth quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company's stock valued at $14,848,000 after acquiring an additional 131,887 shares during the last quarter. Finally, WINTON GROUP Ltd increased its position in Golar LNG by 42.0% in the fourth quarter. WINTON GROUP Ltd now owns 17,097 shares of the shipping company's stock worth $724,000 after purchasing an additional 5,055 shares during the period. Institutional investors own 92.21% of the company's stock.

Golar LNG Stock Up 1.2 %

Shares of GLNG traded up $0.39 during trading hours on Tuesday, reaching $32.81. The stock had a trading volume of 829,159 shares, compared to its average volume of 1,325,213. The company has a market cap of $3.43 billion, a P/E ratio of 233.84 and a beta of 0.47. Golar LNG Limited has a 52 week low of $24.21 and a 52 week high of $44.36. The firm has a 50-day moving average of $37.93 and a 200 day moving average of $38.83.

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Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 3.05%. Golar LNG's dividend payout ratio (DPR) is currently 208.33%.

Analysts Set New Price Targets

GLNG has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, December 24th. Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com raised Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Finally, DNB Markets lowered 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Golar LNG presently has an average rating of "Moderate Buy" and an average target price 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.