Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC decreased its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,780 shares of the shipping company's stock after selling 51,832 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.28% of Golar LNG worth $10,836,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GLNG. American Century Companies Inc. boosted its holdings in Golar LNG by 53.7% during the 2nd quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company's stock valued at $54,319,000 after acquiring an additional 605,499 shares during the period. Pinnacle Associates Ltd. increased its holdings in Golar LNG by 4.4% in the second quarter. Pinnacle Associates Ltd. now owns 1,500,628 shares of the shipping company's stock valued at $47,045,000 after buying an additional 63,180 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Golar LNG by 74.4% during the 1st quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company's stock worth $24,436,000 after buying an additional 433,299 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Golar LNG by 11.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 348,526 shares of the shipping company's stock worth $10,926,000 after acquiring an additional 36,389 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Golar LNG during the 2nd quarter worth about $10,554,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Golar LNG Stock Down 0.5 %

Shares of Golar LNG stock traded down $0.17 during trading hours on Friday, hitting $36.69. 159,243 shares of the company's stock traded hands, compared to its average volume of 1,183,878. Golar LNG Limited has a twelve month low of $19.94 and a twelve month high of $39.40. The stock has a 50 day simple moving average of $36.59 and a 200-day simple moving average of $32.75. 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 company has a market cap of $3.83 billion, a PE ratio of 27.51 and a beta of 0.58.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, November 25th. Golar LNG's payout ratio is currently 74.63%.

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.