FMR LLC lessened its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 1.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,365,379 shares of the shipping company's stock after selling 22,067 shares during the quarter. FMR LLC owned 1.31% of Golar LNG worth $50,191,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise raised its holdings in shares of Golar LNG by 11.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company's stock valued at $132,000 after buying an additional 417 shares during the period. Beck Capital Management LLC raised its stake in shares of Golar LNG by 0.7% during the second quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company's stock valued at $2,355,000 after purchasing an additional 558 shares during the period. Blue Trust Inc. lifted its position in shares of Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company's stock worth $50,000 after purchasing an additional 703 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Golar LNG by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company's stock worth $1,115,000 after purchasing an additional 992 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its stake in shares of Golar LNG by 1.7% in the second quarter. O Brien Greene & Co. Inc now owns 60,000 shares of the shipping company's stock valued at $1,881,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on GLNG shares. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft increased their price target on Golar LNG from $43.00 to $56.00 and gave the company a "buy" rating in a report on Friday, August 16th. Fearnley Fonds downgraded Golar LNG from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus reduced their target price on Golar LNG from $55.00 to $53.00 and set a "buy" rating for the company in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $49.63.
Read Our Latest Research Report on Golar LNG
Golar LNG Stock Up 0.4 %
Golar LNG stock traded up $0.17 during midday trading on Friday, hitting $42.45. The stock had a trading volume of 1,456,295 shares, compared to its average volume of 1,377,813. The company has a current ratio of 1.55, a quick ratio of 1.28 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average price of $37.86 and a 200 day moving average price of $33.90. Golar LNG Limited has a 12 month low of $19.94 and a 12 month high of $42.68. The stock has a market cap of $4.43 billion, a P/E ratio of 303.24 and a beta of 0.61.
Golar LNG Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG's dividend payout ratio is currently 714.34%.
About Golar LNG
(
Free Report)
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.
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