Stifel Financial Corp Has $23.52 Million Holdings in Golar LNG Limited (NASDAQ:GLNG)

Stifel Financial Corp lifted its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 639,813 shares of the shipping company's stock after buying an additional 114,531 shares during the quarter. Stifel Financial Corp owned about 0.61% of Golar LNG worth $23,520,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GLNG. Blue Trust Inc. grew its position in shares of 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 buying an additional 703 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Golar LNG during the 3rd quarter worth approximately $52,000. EverSource Wealth Advisors LLC grew its position in shares of Golar LNG by 206.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company's stock worth $54,000 after buying an additional 1,163 shares during the period. CWM LLC boosted its stake in Golar LNG by 830.9% during the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company's stock worth $61,000 after acquiring an additional 1,479 shares during the last quarter. Finally, Quarry LP boosted its stake in Golar LNG by 1,559.3% during the 2nd quarter. Quarry LP now owns 2,323 shares of the shipping company's stock worth $73,000 after acquiring an additional 2,183 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Golar LNG Stock Down 0.8 %

GLNG traded down $0.32 during trading on Monday, reaching $42.13. The company had a trading volume of 2,145,247 shares, compared to its average volume of 1,216,683. 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 Limited has a 12 month low of $19.94 and a 12 month high of $43.87. The business's fifty day moving average price is $37.86 and its 200 day moving average price is $33.90. The company has a market cap of $4.40 billion, a P/E ratio of 303.24 and a beta of 0.60.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.37%. Golar LNG's dividend payout ratio (DPR) is presently 714.34%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GLNG shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Golar LNG from $43.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. StockNews.com raised shares of Golar LNG to a "sell" rating in a research note on Wednesday, November 13th. Stifel Nicolaus reduced their price objective 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. Finally, Fearnley Fonds lowered shares of Golar LNG from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.63.

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.