Golar LNG Limited (NASDAQ:GLNG) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 60.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 350,858 shares of the shipping company's stock after purchasing an additional 131,887 shares during the quarter. JPMorgan Chase & Co. owned about 0.34% of Golar LNG worth $14,848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLNG. Public Employees Retirement System of Ohio bought a new position in shares of Golar LNG in the third quarter valued at approximately $32,000. USA Financial Formulas bought a new position in Golar LNG during the 4th quarter valued at $61,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Golar LNG during the 4th quarter valued at $107,000. Blue Trust Inc. raised its stake in shares of Golar LNG by 116.8% in the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock worth $126,000 after buying an additional 1,603 shares in the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Golar LNG in the fourth quarter valued at $141,000. Institutional investors own 92.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GLNG shares. DNB Markets lowered Golar LNG from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note 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 raised Golar LNG to a "sell" rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Golar LNG currently has a consensus rating of "Moderate Buy" and an average target price of $50.13.

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Golar LNG Stock Performance

Shares of NASDAQ:GLNG traded down $0.35 during mid-day trading on Wednesday, hitting $36.69. The stock had a trading volume of 741,982 shares, compared to its average volume of 1,359,805. The company's 50 day moving average is $36.93 and its 200-day moving average is $38.76. Golar LNG Limited has a 12-month low of $24.21 and a 12-month high of $44.36. The company has a market cap of $3.84 billion, a PE ratio of 262.09 and a beta of 0.47.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.73%. Golar LNG's dividend payout ratio (DPR) is presently 208.33%.

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.