UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Golar LNG Limited (NASDAQ:GLNG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 20.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,665 shares of the shipping company's stock after buying an additional 32,751 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of Golar LNG worth $7,156,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Golar LNG by 467.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company's stock valued at $82,232,000 after purchasing an additional 1,843,100 shares during the period. American Century Companies Inc. boosted its position in shares of Golar LNG by 53.7% in the 2nd quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company's stock worth $54,319,000 after purchasing an additional 605,499 shares in the last quarter. Driehaus Capital Management LLC bought a new position in Golar LNG during the 2nd quarter valued at approximately $10,554,000. Susquehanna Fundamental Investments LLC purchased a new position in Golar LNG during the second quarter valued at $5,805,000. Finally, Renaissance Technologies LLC boosted its holdings in Golar LNG by 115.3% in the second quarter. Renaissance Technologies LLC now owns 305,992 shares of the shipping company's stock worth $9,593,000 after acquiring an additional 163,900 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Golar LNG Stock Performance

Shares of Golar LNG stock traded up $0.55 during trading hours on Tuesday, reaching $42.68. 1,271,416 shares of the stock traded hands, compared to its average volume of 1,216,913. The company has a 50 day moving average price of $38.06 and a 200 day moving average price of $34.12. Golar LNG Limited has a one year low of $19.94 and a one year high of $43.87. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 304.86 and a beta of 0.60.

Golar LNG Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 2.34%. Golar LNG's dividend payout ratio (DPR) is presently 714.29%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GLNG shares. Stifel Nicolaus dropped their price target 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. Fearnley Fonds downgraded Golar LNG from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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. 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 company. According to data from MarketBeat, Golar LNG presently has a consensus rating of "Moderate Buy" and an average price target of $49.63.

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.