Golar LNG Limited (NASDAQ:GLNG) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,200 shares of the shipping company's stock after purchasing an additional 8,654 shares during the period. Wells Fargo & Company MN owned 0.12% of Golar LNG worth $5,087,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Discovery Capital Management LLC CT acquired a new position in shares of Golar LNG in the fourth quarter valued at approximately $17,719,000. ARS Investment Partners LLC boosted its position in Golar LNG by 1,158.1% in the 4th quarter. ARS Investment Partners LLC now owns 213,876 shares of the shipping company's stock valued at $9,051,000 after buying an additional 196,876 shares during the period. Barclays PLC grew its stake in shares of Golar LNG by 431.3% in the third quarter. Barclays PLC now owns 185,018 shares of the shipping company's stock worth $6,802,000 after acquiring an additional 150,195 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Golar LNG by 60.2% in the fourth quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company's stock worth $14,848,000 after acquiring an additional 131,887 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Golar LNG by 895.2% during the fourth quarter. Victory Capital Management Inc. now owns 135,663 shares of the shipping company's stock worth $5,741,000 after acquiring an additional 122,031 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com raised Golar LNG to a "sell" rating in a research report on Thursday, March 20th. DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Golar LNG presently has an average rating of "Buy" and a consensus target price of $49.70.

Golar LNG Stock Down 0.4 %

GLNG traded down $0.18 during trading on Friday, hitting $40.00. 146,471 shares of the stock were exchanged, compared to its average volume of 1,373,399. Golar LNG Limited has a 1-year low of $24.42 and a 1-year high of $44.36. The stock has a fifty day moving average price of $36.62 and a two-hundred day moving average price of $38.76. The firm has a market capitalization of $4.18 billion, a P/E ratio of 285.59 and a beta of 0.47.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.50%. Golar LNG's payout ratio is 208.33%.

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.