Golar LNG Limited (NASDAQ:GLNG) Stock Position Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 66.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,274 shares of the shipping company's stock after selling 166,200 shares during the quarter. Nisa Investment Advisors LLC owned 0.08% of Golar LNG worth $3,135,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Banque Cantonale Vaudoise increased its holdings in Golar LNG by 11.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company's stock worth $132,000 after purchasing an additional 417 shares during the last quarter. Beck Capital Management LLC grew its position in shares of Golar LNG by 0.7% during the second quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company's stock worth $2,355,000 after buying an additional 558 shares in the last quarter. Blue Trust Inc. grew its position in shares of Golar LNG by 105.1% during 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 in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Golar LNG by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company's stock worth $1,115,000 after buying an additional 992 shares during the last quarter. Finally, O Brien Greene & Co. Inc raised its holdings in Golar LNG by 1.7% in the second quarter. O Brien Greene & Co. Inc now owns 60,000 shares of the shipping company's stock valued at $1,881,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Golar LNG from $55.00 to $53.00 and set a "buy" rating on the stock in a research note on Friday, August 16th. B. Riley lifted their target price on Golar LNG from $35.50 to $44.50 and gave the stock a "buy" rating in a research report on Friday, July 19th. StockNews.com raised Golar LNG to a "sell" rating in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Golar LNG from $43.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.63.

Golar LNG Stock Performance

Shares of NASDAQ:GLNG traded down $0.33 during trading on Friday, hitting $35.93. 1,269,128 shares of the company traded hands, compared to its average volume of 1,181,737. The company has a quick ratio of 1.28, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The business's fifty day moving average is $35.44 and its 200-day moving average is $31.70. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 26.81 and a beta of 0.58. Golar LNG Limited has a one year low of $19.94 and a one year high of $39.40.

Golar LNG (NASDAQ:GLNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The shipping company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The company had revenue of $62.98 million for the quarter, compared to the consensus estimate of $67.38 million. Golar LNG had a return on equity of 9.20% and a net margin of 50.89%. As a group, equities analysts predict that Golar LNG Limited will post 1.53 earnings per share for the current fiscal year.

Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.78%. Golar LNG's dividend payout ratio (DPR) is presently 74.63%.

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.