Intech Investment Management LLC Has $2.03 Million Stake in Golar LNG Limited (NASDAQ:GLNG)

Intech Investment Management LLC grew its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 51.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,999 shares of the shipping company's stock after buying an additional 16,320 shares during the period. Intech Investment Management LLC's holdings in Golar LNG were worth $2,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Golar LNG during the 3rd quarter worth approximately $32,000. USA Financial Formulas bought a new position in Golar LNG in the fourth quarter valued at approximately $61,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Golar LNG during the 4th quarter worth $107,000. Blue Trust Inc. raised its position 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 acquiring an additional 1,603 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new position in shares of Golar LNG in the 4th quarter valued at $141,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Golar LNG Stock Down 0.8 %

GLNG traded down $0.32 during trading on Tuesday, hitting $40.35. The company had a trading volume of 1,579,481 shares, compared to its average volume of 1,227,619. The company has a market capitalization of $4.21 billion, a PE ratio of 288.23 and a beta of 0.78. Golar LNG Limited has a one year low of $23.45 and a one year high of $44.36. The firm's 50-day moving average price is $38.83 and its 200 day moving average price is $38.51.

Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. Golar LNG's dividend payout ratio is currently 208.33%.

Golar LNG Company 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.