EAM Investors LLC Cuts Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

EAM Investors LLC trimmed its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,157 shares of the shipping company's stock after selling 33,729 shares during the period. EAM Investors LLC owned approximately 0.07% of Golar LNG worth $2,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its holdings in Golar LNG by 5.2% in the third quarter. State Street Corp now owns 1,920,590 shares of the shipping company's stock worth $70,601,000 after acquiring an additional 94,336 shares in the last quarter. Vanguard Group Inc. boosted its stake in Golar LNG by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company's stock worth $46,260,000 after purchasing an additional 18,475 shares in the last quarter. Invesco Ltd. grew its position in Golar LNG by 56.3% during the 4th quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock worth $37,573,000 after purchasing an additional 319,677 shares during the last quarter. Discovery Capital Management LLC CT acquired a new position in Golar LNG during the 4th quarter valued at approximately $17,719,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Golar LNG by 60.2% during the fourth quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company's stock worth $14,848,000 after buying an additional 131,887 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Trading Up 2.2 %

Shares of Golar LNG stock traded up $0.81 during trading hours on Friday, reaching $38.13. The stock had a trading volume of 1,021,039 shares, compared to its average volume of 1,372,797. Golar LNG Limited has a twelve month low of $24.42 and a twelve month high of $44.36. The firm has a market capitalization of $3.99 billion, a PE ratio of 272.38 and a beta of 0.47. The stock's 50 day moving average is $36.76 and its 200 day moving average is $38.75.

Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's payout ratio is currently 208.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GLNG shares. DNB Markets lowered Golar LNG from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Stifel Nicolaus increased their price objective 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. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a research report on Thursday, March 20th. Finally, Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research report 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 stock. According to data from MarketBeat.com, Golar LNG currently has a consensus rating of "Moderate Buy" and an average target price of $50.13.

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.