Golar LNG Limited (NASDAQ:GLNG) Shares Purchased by Sciencast Management LP

Sciencast Management LP grew its stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 72.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,505 shares of the shipping company's stock after purchasing an additional 10,681 shares during the quarter. Sciencast Management LP's holdings in Golar LNG were worth $1,079,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of GLNG. Public Employees Retirement System of Ohio acquired a new position in Golar LNG in the third quarter worth $32,000. USA Financial Formulas bought a new position in shares of Golar LNG in the 4th quarter worth about $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Golar LNG during the 4th quarter valued at about $107,000. Blue Trust Inc. raised its stake in Golar LNG by 116.8% during the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock worth $126,000 after acquiring an additional 1,603 shares during the period. Finally, J.Safra Asset Management Corp bought a new position in Golar LNG in the fourth quarter worth about $141,000. Institutional investors own 92.21% of the company's stock.

Analyst Ratings Changes

GLNG has been the subject of several recent research reports. Stifel Nicolaus upped their target price on Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, December 24th. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com raised Golar LNG to a "sell" rating in a research report on Thursday, March 20th. Finally, DNB Markets downgraded shares of 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 assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.13.

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Golar LNG Price Performance

GLNG stock traded down $0.50 on Thursday, reaching $39.22. The company's stock had a trading volume of 1,304,661 shares, compared to its average volume of 1,233,292. Golar LNG Limited has a 52 week low of $23.47 and a 52 week high of $44.36. The company has a market capitalization of $4.09 billion, a P/E ratio of 280.16 and a beta of 0.78. The firm has a fifty day moving average of $38.75 and a two-hundred day moving average of $38.58.

Golar LNG Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.55%. Golar LNG's dividend payout ratio is presently 208.33%.

Golar LNG 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.