Thompson Siegel & Walmsley LLC Sells 36,945 Shares of Golar LNG Limited (NASDAQ:GLNG)

Thompson Siegel & Walmsley LLC reduced its stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 257,835 shares of the shipping company's stock after selling 36,945 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.25% of Golar LNG worth $10,912,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Golar LNG in the 3rd quarter valued at approximately $32,000. USA Financial Formulas purchased a new position in Golar LNG during the fourth quarter valued at $61,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Golar LNG during the fourth quarter valued at $107,000. Blue Trust Inc. boosted its holdings in shares of 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 in the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Golar LNG in the 4th quarter worth about $141,000. 92.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DNB Markets lowered 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 research note on Tuesday, December 24th. Finally, StockNews.com upgraded Golar LNG to a "sell" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $50.13.

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Golar LNG Stock Performance

Shares of GLNG traded down $0.01 on Tuesday, hitting $35.04. 1,137,901 shares of the stock traded hands, compared to its average volume of 1,205,846. Golar LNG Limited has a one year low of $23.32 and a one year high of $44.36. The company has a market capitalization of $3.66 billion, a PE ratio of 250.30 and a beta of 0.78. The business has a 50 day simple moving average of $39.22 and a 200 day simple moving average of $38.33.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, March 11th. Golar LNG's payout ratio is 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.