FIL Ltd Sells 444,183 Shares of Golar LNG Limited (NASDAQ:GLNG)

FIL Ltd lowered its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,629,289 shares of the shipping company's stock after selling 444,183 shares during the period. FIL Ltd owned about 1.56% of Golar LNG worth $68,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in GLNG. 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 Golar LNG in the 4th quarter valued at approximately $107,000. Blue Trust Inc. grew its holdings in Golar LNG by 116.8% during the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock valued at $126,000 after buying an additional 1,603 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new position in Golar LNG during the fourth quarter worth $141,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Golar LNG Stock Up 2.0 %

Shares of GLNG traded up $0.72 during trading hours on Tuesday, reaching $37.44. The company's stock had a trading volume of 443,533 shares, compared to its average volume of 1,356,410. Golar LNG Limited has a 1-year low of $24.21 and a 1-year high of $44.36. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 267.45 and a beta of 0.47. The company has a 50 day moving average of $37.01 and a two-hundred day moving average of $38.77.

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Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Tuesday, March 11th. Golar LNG's payout ratio is presently 208.33%.

Analyst Upgrades and Downgrades

GLNG has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on 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 raised shares of Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, DNB Markets lowered Golar LNG from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Golar LNG presently has an average rating of "Moderate Buy" and a consensus 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.