JPMorgan Chase & Co. increased its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 37.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,971 shares of the shipping company's stock after purchasing an additional 59,188 shares during the quarter. JPMorgan Chase & Co. owned 0.21% of Golar LNG worth $8,049,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Golar LNG in the 3rd quarter valued at approximately $32,000. Blue Trust Inc. increased its stake in shares of Golar LNG by 105.1% in the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company's stock worth $50,000 after buying an additional 703 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Golar LNG in the third quarter valued at $52,000. EverSource Wealth Advisors LLC boosted its stake in Golar LNG by 206.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company's stock valued at $54,000 after acquiring an additional 1,163 shares during the last quarter. Finally, CWM LLC grew its holdings in Golar LNG by 830.9% during the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company's stock worth $61,000 after acquiring an additional 1,479 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on GLNG shares. Stifel Nicolaus upped their target price on shares of Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, December 24th. Fearnley Fonds cut Golar LNG from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised Golar LNG to a "sell" rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.13.
View Our Latest Stock Report on GLNG
Golar LNG Stock Performance
Shares of NASDAQ:GLNG traded up $0.01 during trading on Wednesday, reaching $42.17. 648,166 shares of the company's stock traded hands, compared to its average volume of 1,114,605. The stock has a market capitalization of $4.40 billion, a P/E ratio of 301.24 and a beta of 0.59. Golar LNG Limited has a 12 month low of $19.94 and a 12 month high of $44.36. The company has a 50 day moving average of $40.38 and a 200-day moving average of $36.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 1.28.
Golar LNG Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG's dividend payout ratio is presently 714.29%.
Golar LNG Company Profile
(
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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