ARS Investment Partners LLC Raises Holdings in Golar LNG Limited (NASDAQ:GLNG)

ARS Investment Partners LLC grew its position in Golar LNG Limited (NASDAQ:GLNG) by 1,158.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,876 shares of the shipping company’s stock after purchasing an additional 196,876 shares during the quarter. ARS Investment Partners LLC owned about 0.20% of Golar LNG worth $9,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in Golar LNG by 15.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,689 shares of the shipping company’s stock valued at $2,185,000 after acquiring an additional 9,139 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Golar LNG by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 32,531 shares of the shipping company’s stock valued at $1,020,000 after purchasing an additional 1,502 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Golar LNG by 115.3% in the 2nd quarter. Renaissance Technologies LLC now owns 305,992 shares of the shipping company’s stock valued at $9,593,000 after buying an additional 163,900 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Golar LNG during the 2nd quarter worth $249,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Golar LNG by 206.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after acquiring an additional 1,163 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Stock Up 1.4 %

GLNG opened at $41.82 on Tuesday. The company has a market cap of $4.37 billion, a P/E ratio of 298.74 and a beta of 0.59. The company has a 50 day moving average of $40.66 and a two-hundred day moving average of $36.94. Golar LNG Limited has a 52-week low of $19.94 and a 52-week high of $44.36.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%. Golar LNG’s dividend payout ratio (DPR) is 714.34%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. Stifel Nicolaus raised their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Finally, Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.13.

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.