56,500 Shares in Golar LNG Limited (NASDAQ:GLNG) Purchased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC acquired a new stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 56,500 shares of the shipping company's stock, valued at approximately $2,391,000. Zweig DiMenna Associates LLC owned approximately 0.05% of Golar LNG at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund grew its stake in 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 worth $82,232,000 after buying an additional 1,843,100 shares in the last quarter. Clearline Capital LP purchased a new position in Golar LNG in the 3rd quarter worth approximately $36,865,000. Brookfield Corp ON grew its stake in Golar LNG by 180.8% in the 3rd quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company's stock worth $31,244,000 after buying an additional 547,253 shares in the last quarter. Appian Way Asset Management LP purchased a new position in Golar LNG in the 3rd quarter worth approximately $15,351,000. Finally, Driehaus Capital Management LLC purchased a new position in Golar LNG in the 2nd quarter worth approximately $10,554,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Golar LNG Price Performance

GLNG traded down $0.33 during trading on Friday, hitting $40.14. 912,130 shares of the stock traded hands, compared to its average volume of 1,153,313. The firm has a market capitalization of $4.19 billion, a P/E ratio of 286.73 and a beta of 0.59. The firm has a 50-day moving average of $40.89 and a 200 day moving average of $37.02. Golar LNG Limited has a 12-month low of $19.94 and a 12-month high of $44.36.

Golar LNG Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 annualized dividend and a dividend yield of 2.49%. Golar LNG's dividend payout ratio is 714.34%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GLNG. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a report on Monday, December 9th. Stifel Nicolaus increased their target price on shares of Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, December 24th. Finally, Fearnley Fonds lowered shares of Golar LNG from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.13.

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.