Two Sigma Advisers LP Sells 130,700 Shares of Golar LNG Limited (NASDAQ:GLNG)

Two Sigma Advisers LP decreased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 29.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,151 shares of the shipping company's stock after selling 130,700 shares during the period. Two Sigma Advisers LP owned 0.30% of Golar LNG worth $11,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised 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 purchasing an additional 703 shares during the last quarter. Sound Income Strategies LLC bought a new position in Golar LNG during the 3rd quarter valued at approximately $52,000. EverSource Wealth Advisors LLC raised its position in Golar LNG by 206.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company's stock valued at $54,000 after purchasing an additional 1,163 shares during the last quarter. CWM LLC raised its position in Golar LNG by 830.9% during the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company's stock valued at $61,000 after purchasing an additional 1,479 shares during the last quarter. Finally, Quarry LP raised its position in Golar LNG by 1,559.3% during the 2nd quarter. Quarry LP now owns 2,323 shares of the shipping company's stock valued at $73,000 after purchasing an additional 2,183 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Golar LNG Stock Up 1.3 %

Shares of NASDAQ:GLNG traded up $0.55 during trading on Tuesday, reaching $42.68. 1,221,041 shares of the stock traded hands, compared to its average volume of 1,216,701. Golar LNG Limited has a 52-week low of $19.94 and a 52-week high of $43.87. The stock has a market cap of $4.46 billion, a P/E ratio of 305.09 and a beta of 0.60. The stock has a 50-day moving average of $37.97 and a two-hundred day moving average of $34.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.28 and a current ratio of 1.55.

Golar LNG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Monday, November 25th. Golar LNG's payout ratio is currently 714.34%.

Analyst Ratings Changes

Several research analysts have recently issued reports on GLNG shares. Fearnley Fonds lowered Golar LNG from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th. StockNews.com raised Golar LNG to a "sell" rating in a research report on Monday. 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. Finally, Stifel Nicolaus decreased their target price on Golar LNG from $55.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Golar LNG presently has an average rating of "Moderate Buy" and a consensus 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.