Invesco Ltd. Has $37.57 Million Stake in Golar LNG Limited (NASDAQ:GLNG)

Invesco Ltd. increased its stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 56.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 887,842 shares of the shipping company's stock after buying an additional 319,677 shares during the period. Invesco Ltd. owned 0.85% of Golar LNG worth $37,573,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Atika Capital Management LLC acquired a new position in Golar LNG during the 4th quarter worth $8,401,000. Sit Investment Associates Inc. lifted its position in Golar LNG by 12.0% during the 4th quarter. Sit Investment Associates Inc. now owns 45,400 shares of the shipping company's stock valued at $1,921,000 after purchasing an additional 4,850 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Golar LNG in the 4th quarter valued at about $465,000. Wells Fargo & Company MN grew its position in shares of Golar LNG by 7.8% during the 4th quarter. Wells Fargo & Company MN now owns 120,200 shares of the shipping company's stock worth $5,087,000 after buying an additional 8,654 shares during the period. Finally, Discovery Capital Management LLC CT bought a new stake in shares of Golar LNG during the fourth quarter worth approximately $17,719,000. Institutional investors own 92.21% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GLNG shares. DNB Markets downgraded shares of Golar LNG from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Stifel Nicolaus upped 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, StockNews.com upgraded Golar LNG to a "sell" rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Golar LNG currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.13.

Golar LNG Price Performance

NASDAQ GLNG traded up $0.81 on Friday, reaching $38.13. The stock had a trading volume of 1,021,039 shares, compared to its average volume of 1,372,797. The company has a market cap of $3.99 billion, a P/E ratio of 272.38 and a beta of 0.47. The firm has a fifty day moving average of $36.76 and a two-hundred day moving average of $38.75. Golar LNG Limited has a 1-year low of $24.42 and a 1-year high of $44.36.

Golar LNG Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders 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 2.62%. The ex-dividend date was Tuesday, March 11th. Golar LNG's dividend payout ratio (DPR) 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.