Empowered Funds LLC Has $213,000 Stake in Golar LNG Limited (NASDAQ:GLNG)

Empowered Funds LLC trimmed its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 90.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,795 shares of the shipping company's stock after selling 54,385 shares during the quarter. Empowered Funds LLC's holdings in Golar LNG were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in GLNG. Royce & Associates LP lifted its stake in shares of Golar LNG by 102.5% in the 3rd quarter. Royce & Associates LP now owns 81,000 shares of the shipping company's stock valued at $2,978,000 after purchasing an additional 41,000 shares during the last quarter. Metis Global Partners LLC acquired a new stake in shares of Golar LNG in the third quarter worth about $201,000. Lindbrook Capital LLC boosted its stake in shares of Golar LNG by 103.7% during the 3rd quarter. Lindbrook Capital LLC now owns 12,520 shares of the shipping company's stock worth $460,000 after acquiring an additional 6,374 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company's stock valued at $50,000 after acquiring an additional 703 shares during the last quarter. Finally, VitalStone Financial LLC bought a new position in shares of Golar LNG in the 3rd quarter valued at approximately $459,000. Institutional investors own 92.21% of the company's stock.

Golar LNG Stock Performance

NASDAQ:GLNG traded down $0.22 during trading hours on Wednesday, hitting $39.29. 1,056,433 shares of the company traded hands, compared to its average volume of 1,202,342. 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 stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 280.66 and a beta of 0.58. The firm has a 50-day moving average of $37.13 and a 200 day moving average of $33.18. Golar LNG Limited has a twelve month low of $19.94 and a twelve month high of $41.54.

Golar LNG Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 25th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, November 25th. Golar LNG's payout ratio is presently 714.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Fearnley Fonds cut Golar LNG from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a research note on Wednesday, November 13th. Stifel Nicolaus cut their target price on shares of Golar LNG from $55.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Golar LNG from $43.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Golar LNG currently has an average rating of "Moderate Buy" and an average target price of $49.63.

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.