Parallax Volatility Advisers L.P. Sells 15,307 Shares of Golar LNG Limited (NASDAQ:GLNG)

Parallax Volatility Advisers L.P. lowered its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 17.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,099 shares of the shipping company's stock after selling 15,307 shares during the period. Parallax Volatility Advisers L.P. owned about 0.07% of Golar LNG worth $2,724,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLNG. Blue Trust Inc. boosted its position in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company's stock valued at $50,000 after buying an additional 703 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Golar LNG in the 3rd quarter worth about $52,000. EverSource Wealth Advisors LLC lifted its position in shares of Golar LNG by 206.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company's stock worth $54,000 after purchasing an additional 1,163 shares during the period. CWM LLC lifted its position in shares of Golar LNG by 830.9% in the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company's stock worth $61,000 after purchasing an additional 1,479 shares during the period. Finally, Quarry LP lifted its position in shares of Golar LNG by 1,559.3% in the 2nd quarter. Quarry LP now owns 2,323 shares of the shipping company's stock worth $73,000 after purchasing an additional 2,183 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GLNG shares. Fearnley Fonds cut shares of Golar LNG from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Stifel Nicolaus dropped their target price on shares of Golar LNG from $55.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Golar LNG from $43.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Finally, StockNews.com raised shares of Golar LNG to a "sell" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $49.63.

Golar LNG Stock Up 0.4 %

NASDAQ GLNG traded up $0.17 during trading hours on Friday, reaching $42.45. 1,456,295 shares of the company's stock traded hands, compared to its average volume of 1,212,749. Golar LNG Limited has a 52-week low of $19.94 and a 52-week high of $42.68. The firm has a market cap of $4.43 billion, a PE ratio of 303.21 and a beta of 0.61. The firm has a 50-day simple moving average of $37.86 and a 200 day simple moving average of $33.80. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.36%. Golar LNG's dividend payout ratio is currently 714.29%.

Golar LNG Company 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.