Golar LNG Limited (NASDAQ:GLNG - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 2,265,243 shares were traded during mid-day trading, an increase of 86% from the previous session's volume of 1,219,820 shares.The stock last traded at $40.02 and had previously closed at $37.76.
Analyst Ratings Changes
A number of brokerages recently issued reports on GLNG. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Stifel Nicolaus lifted their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, December 24th. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, DNB Markets cut Golar LNG from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. One investment 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.13.
Get Our Latest Stock Analysis on GLNG
Golar LNG Stock Performance
The stock's 50-day moving average is $38.71 and its 200 day moving average is $38.59. The stock has a market capitalization of $3.96 billion, a PE ratio of 270.63 and a beta of 0.78.
Golar LNG Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Tuesday, March 11th. Golar LNG's payout ratio is 208.33%.
Institutional Trading of Golar LNG
Several institutional investors and hedge funds have recently made changes to their positions in GLNG. Public Employees Retirement System of Ohio purchased a new position in Golar LNG during the 3rd quarter worth approximately $32,000. USA Financial Formulas acquired a new position in shares of Golar LNG in the 4th quarter valued at $61,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Golar LNG in the 4th quarter valued at $107,000. Blue Trust Inc. boosted its stake in Golar LNG by 116.8% during the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock worth $126,000 after purchasing an additional 1,603 shares during the period. Finally, J.Safra Asset Management Corp acquired a new stake in Golar LNG during the 4th quarter worth $141,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
Golar LNG Company Profile
(
Get 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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