Wexford Capital LP decreased its holdings in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 61.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,154 shares of the shipping company's stock after selling 143,848 shares during the quarter. Wexford Capital LP owned 0.09% of Golar LNG worth $3,277,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in GLNG. Healthcare of Ontario Pension Plan Trust Fund raised its position in Golar LNG by 467.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company's stock valued at $82,232,000 after purchasing an additional 1,843,100 shares in the last quarter. State Street Corp raised its holdings in Golar LNG by 5.2% in the third quarter. State Street Corp now owns 1,920,590 shares of the shipping company's stock valued at $70,601,000 after acquiring an additional 94,336 shares in the last quarter. American Century Companies Inc. lifted its stake in Golar LNG by 53.7% in the second quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company's stock worth $54,319,000 after acquiring an additional 605,499 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in Golar LNG by 4.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 1,500,628 shares of the shipping company's stock worth $47,045,000 after acquiring an additional 63,180 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Golar LNG by 74.4% in the 1st quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company's stock valued at $24,436,000 after purchasing an additional 433,299 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Golar LNG Stock Performance
NASDAQ:GLNG traded up $0.17 during mid-day trading on Friday, reaching $42.45. 1,456,295 shares of the stock were exchanged, compared to its average volume of 1,377,813. Golar LNG Limited has a 1 year low of $19.94 and a 1 year high of $42.68. The stock has a market capitalization of $4.43 billion, a P/E ratio of 303.24 and a beta of 0.61. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. The company has a 50 day simple moving average of $37.86 and a 200-day simple moving average of $33.80.
Golar LNG Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. Golar LNG's dividend payout ratio (DPR) is 714.34%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Fearnley Fonds cut shares of Golar LNG from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Stifel Nicolaus lowered their price objective on Golar LNG from $55.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 16th. StockNews.com raised Golar LNG to a "sell" rating in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Golar LNG from $43.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.63.
Read Our Latest Analysis on GLNG
Golar LNG Profile
(
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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