Hosking Partners LLP Has $18.25 Million Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Hosking Partners LLP decreased its holdings in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 431,176 shares of the shipping company's stock after selling 195,910 shares during the quarter. Hosking Partners LLP owned 0.41% of Golar LNG worth $18,247,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of GLNG. Blue Trust Inc. grew its position in Golar LNG by 105.1% in the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company's stock valued at $50,000 after buying an additional 703 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Golar LNG by 103.7% in the 3rd quarter. Lindbrook Capital LLC now owns 12,520 shares of the shipping company's stock worth $460,000 after acquiring an additional 6,374 shares during the period. Metis Global Partners LLC acquired a new stake in shares of Golar LNG in the 3rd quarter worth approximately $201,000. Royce & Associates LP boosted its holdings in shares of Golar LNG by 102.5% in the third quarter. Royce & Associates LP now owns 81,000 shares of the shipping company's stock valued at $2,978,000 after acquiring an additional 41,000 shares in the last quarter. Finally, Chesapeake Capital Corp IL increased its stake in shares of Golar LNG by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 24,158 shares of the shipping company's stock valued at $906,000 after acquiring an additional 5,271 shares during the period. Institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GLNG shares. DNB Markets lowered Golar LNG from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Fearnley Fonds cut Golar LNG from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their target price on 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 shares of Golar LNG to a "sell" rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.13.

Remove Ads

Golar LNG Stock Performance

GLNG traded down $0.74 during trading on Tuesday, reaching $36.06. The company had a trading volume of 2,280,386 shares, compared to its average volume of 1,181,839. The firm's 50-day simple moving average is $41.03 and its 200 day simple moving average is $38.27. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 257.59 and a beta of 0.55. Golar LNG Limited has a 12-month low of $20.38 and a 12-month high of $44.36.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.77%. Golar LNG's dividend 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.