Golar LNG Limited (NASDAQ:GLNG) Shares Sold by J. Goldman & Co LP

J. Goldman & Co LP reduced its stake in Golar LNG Limited (NASDAQ:GLNG) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,203,832 shares of the shipping company’s stock after selling 214,574 shares during the quarter. Golar LNG accounts for 1.3% of J. Goldman & Co LP’s portfolio, making the stock its 7th largest position. J. Goldman & Co LP’s holdings in Golar LNG were worth $50,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GLNG. USA Financial Formulas acquired a new stake in Golar LNG in the 4th quarter valued at $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Golar LNG in the 4th quarter valued at about $107,000. Blue Trust Inc. increased its position in shares of Golar LNG by 116.8% in the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock valued at $126,000 after acquiring an additional 1,603 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Golar LNG during the fourth quarter worth about $141,000. Finally, Sterling Capital Management LLC boosted its position in Golar LNG by 906.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company’s stock valued at $147,000 after purchasing an additional 3,118 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Down 1.3 %

Shares of GLNG stock opened at $37.87 on Friday. Golar LNG Limited has a 12-month low of $25.33 and a 12-month high of $44.36. The firm has a 50 day moving average price of $36.93 and a two-hundred day moving average price of $38.93. The company has a market capitalization of $3.96 billion, a PE ratio of 270.52 and a beta of 0.62.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 2.64%. Golar LNG’s dividend payout ratio (DPR) is presently 208.33%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Fearnley Fonds upgraded shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. DNB Markets raised shares of Golar LNG from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, April 22nd. StockNews.com upgraded Golar LNG to a “sell” rating in a report on Thursday, March 20th. Finally, Dnb Nor Markets upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $49.70.

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.