Fox Run Management L.L.C. Takes $286,000 Position in Golar LNG Limited (NASDAQ:GLNG)

Fox Run Management L.L.C. acquired a new position in Golar LNG Limited (NASDAQ:GLNG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,753 shares of the shipping company's stock, valued at approximately $286,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of Golar LNG by 431.3% in the 3rd quarter. Barclays PLC now owns 185,018 shares of the shipping company's stock worth $6,802,000 after acquiring an additional 150,195 shares during the period. De Lisle Partners LLP lifted its position in Golar LNG by 9.1% in the third quarter. De Lisle Partners LLP now owns 249,390 shares of the shipping company's stock worth $9,169,000 after purchasing an additional 20,890 shares during the period. JPMorgan Chase & Co. boosted its stake in Golar LNG by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company's stock valued at $8,049,000 after purchasing an additional 59,188 shares in the last quarter. Stifel Financial Corp boosted its stake in Golar LNG by 21.8% during the 3rd quarter. Stifel Financial Corp now owns 639,813 shares of the shipping company's stock valued at $23,520,000 after purchasing an additional 114,531 shares in the last quarter. Finally, Luxor Capital Group LP acquired a new position in shares of Golar LNG during the 3rd quarter valued at $10,286,000. Institutional investors own 92.21% of the company's stock.

Golar LNG Stock Down 2.5 %

Shares of Golar LNG stock traded down $0.94 during trading on Tuesday, hitting $37.05. The stock had a trading volume of 1,063,218 shares, compared to its average volume of 1,301,770. The company has a market capitalization of $3.87 billion, a PE ratio of 264.66 and a beta of 0.78. Golar LNG Limited has a 1 year low of $23.96 and a 1 year high of $44.36. The stock has a 50 day simple moving average of $38.46 and a 200 day simple moving average of $38.82.

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Golar LNG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio (DPR) is currently 208.33%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GLNG. DNB Markets cut shares of Golar LNG from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Stifel Nicolaus raised their target price on shares of Golar LNG from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, December 24th. Finally, StockNews.com upgraded Golar LNG to a "sell" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.