Golar LNG Limited (NASDAQ:GLNG) Stock Position Lessened by Huber Capital Management LLC

Huber Capital Management LLC trimmed its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 520,463 shares of the shipping company's stock after selling 30,215 shares during the quarter. Golar LNG accounts for 4.4% of Huber Capital Management LLC's portfolio, making the stock its 3rd largest position. Huber Capital Management LLC owned approximately 0.50% of Golar LNG worth $22,026,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLNG. Discovery Capital Management LLC CT acquired a new position in shares of Golar LNG in the fourth quarter valued at about $17,719,000. Intrust Bank NA increased its stake in shares of Golar LNG by 7.6% in the 4th quarter. Intrust Bank NA now owns 36,474 shares of the shipping company's stock valued at $1,544,000 after acquiring an additional 2,565 shares in the last quarter. Maridea Wealth Management LLC bought a new position in Golar LNG in the fourth quarter worth approximately $654,000. JPMorgan Chase & Co. increased its position in shares of Golar LNG by 60.2% during the fourth quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company's stock worth $14,848,000 after acquiring an additional 131,887 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Golar LNG by 42.0% during the 4th quarter. WINTON GROUP Ltd now owns 17,097 shares of the shipping company's stock valued at $724,000 after acquiring an additional 5,055 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a research note on Thursday, March 20th. DNB Markets downgraded shares of Golar LNG from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Stifel Nicolaus lifted their price objective on Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, December 24th. Finally, Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.13.

Golar LNG Price Performance

Shares of GLNG stock traded up $0.32 during mid-day trading on Tuesday, hitting $32.74. 829,159 shares of the stock traded hands, compared to its average volume of 1,325,213. The stock's fifty day moving average is $37.93 and its two-hundred day moving average is $38.83. The stock has a market cap of $3.42 billion, a P/E ratio of 233.84 and a beta of 0.47. Golar LNG Limited has a 52-week low of $24.21 and a 52-week high of $44.36.

Golar LNG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's payout ratio is currently 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.