Golar LNG Limited (NASDAQ:GLNG) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,093,098 shares of the shipping company's stock after purchasing an additional 18,475 shares during the quarter. Vanguard Group Inc. owned 1.05% of Golar LNG worth $46,260,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GLNG. Fox Run Management L.L.C. purchased a new position in Golar LNG during the 4th quarter worth $286,000. Sciencast Management LP increased its position in Golar LNG by 72.1% during the 4th quarter. Sciencast Management LP now owns 25,505 shares of the shipping company's stock worth $1,079,000 after purchasing an additional 10,681 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Golar LNG in the 4th quarter valued at approximately $207,000. Intech Investment Management LLC boosted its stake in shares of Golar LNG by 51.5% in the fourth quarter. Intech Investment Management LLC now owns 47,999 shares of the shipping company's stock valued at $2,031,000 after buying an additional 16,320 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Golar LNG in the fourth quarter valued at $392,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on GLNG. DNB Markets cut shares of Golar LNG from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Stifel Nicolaus upped their price target on Golar LNG from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, December 24th. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. 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 issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.13.

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Golar LNG Price Performance

GLNG stock traded up $0.32 during midday trading on Tuesday, hitting $37.04. The stock had a trading volume of 1,483,520 shares, compared to its average volume of 1,360,472. Golar LNG Limited has a 12-month low of $24.21 and a 12-month high of $44.36. The company's 50-day moving average price is $37.01 and its 200 day moving average price is $38.77. The firm has a market cap of $3.87 billion, a PE ratio of 264.59 and a beta of 0.47.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's payout ratio is 208.33%.

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.