15,447 Shares in Golar LNG Limited (NASDAQ:GLNG) Acquired by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,447 shares of the shipping company's stock, valued at approximately $654,000.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Golar LNG during the 3rd quarter worth approximately $32,000. USA Financial Formulas acquired a new position in shares of Golar LNG during the 4th quarter worth $61,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Golar LNG in the 4th quarter valued at about $107,000. Blue Trust Inc. lifted its stake in shares of Golar LNG by 116.8% in the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock valued at $126,000 after purchasing an additional 1,603 shares during the period. Finally, J.Safra Asset Management Corp purchased a new stake in Golar LNG during the fourth quarter worth about $141,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Golar LNG Stock Down 2.5 %

Shares of GLNG traded down $0.94 during mid-day trading on Tuesday, reaching $37.05. 1,063,213 shares of the company's stock were exchanged, compared to its average volume of 1,300,077. Golar LNG Limited has a 52-week low of $23.74 and a 52-week high of $44.36. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 264.66 and a beta of 0.78. The company has a 50-day simple moving average of $38.55 and a two-hundred day simple moving average of $38.79.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio is presently 208.33%.

About Golar LNG

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.