6,388 Shares in Golar LNG Limited (NASDAQ:GLNG) Purchased by Savant Capital LLC

Savant Capital LLC purchased a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,388 shares of the shipping company's stock, valued at approximately $270,000.

A number of other hedge funds also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC increased its stake in shares of Golar LNG by 5.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company's stock worth $444,000 after buying an additional 500 shares during the period. Blue Trust Inc. grew its holdings in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company's stock worth $50,000 after acquiring an additional 703 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Golar LNG in the 3rd quarter valued at approximately $32,000. Merit Financial Group LLC raised its holdings in shares of Golar LNG by 13.3% in 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 in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Golar LNG by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,694 shares of the shipping company's stock worth $981,000 after purchasing an additional 1,360 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. DNB Markets cut Golar LNG from a "buy" rating to a "hold" rating in a research note on Wednesday. Stifel Nicolaus raised their target price on Golar LNG from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, December 24th. StockNews.com raised Golar LNG to a "sell" rating in a report on Monday, December 9th. Finally, Fearnley Fonds cut shares of Golar LNG from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $50.13.

Golar LNG Trading Down 4.6 %

Shares of NASDAQ GLNG traded down $1.89 during trading hours on Friday, reaching $38.95. The stock had a trading volume of 1,101,183 shares, compared to its average volume of 874,206. The firm has a 50-day moving average of $41.44 and a 200-day moving average of $38.01. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 278.23 and a beta of 0.55. Golar LNG Limited has a fifty-two week low of $19.94 and a fifty-two week high of $44.36.

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.