Marshall Wace LLP Purchases 29,756 Shares of Golar LNG Limited (NASDAQ:GLNG)

Marshall Wace LLP boosted its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,913 shares of the shipping company's stock after purchasing an additional 29,756 shares during the period. Marshall Wace LLP owned about 0.16% of Golar LNG worth $7,233,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Summit Investment Advisors Inc. lifted its position in shares of Golar LNG by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company's stock worth $438,000 after buying an additional 328 shares during the last quarter. Mariner LLC lifted its holdings in shares of Golar LNG by 7.4% in the fourth quarter. Mariner LLC now owns 5,995 shares of the shipping company's stock worth $254,000 after acquiring an additional 414 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of Golar LNG by 5.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company's stock valued at $444,000 after purchasing an additional 500 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Golar LNG by 9.8% during the 4th quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company's stock valued at $254,000 after purchasing an additional 534 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in shares of Golar LNG by 13.3% during the 4th quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company's stock valued at $312,000 after purchasing an additional 866 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Golar LNG Trading Up 3.8 %

Shares of GLNG stock opened at $38.86 on Wednesday. Golar LNG Limited has a 1-year low of $24.42 and a 1-year high of $44.36. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 277.59 and a beta of 0.47. The stock has a 50-day moving average of $36.66 and a 200-day moving average of $38.74.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 2.57%. Golar LNG's payout ratio is 208.33%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a research report 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. DNB Markets raised Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research note on Tuesday. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Golar LNG currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.70.

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.

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