Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its stake in Golar LNG Limited (NASDAQ:GLNG) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,094 shares of the shipping company’s stock after selling 374 shares during the period. Pathstone Holdings LLC owned approximately 0.06% of Golar LNG worth $2,246,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. American Century Companies Inc. lifted its holdings 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 acquiring an additional 605,499 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Golar LNG by 74.4% during the first quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company’s stock worth $24,436,000 after buying an additional 433,299 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Golar LNG in the second quarter valued at $10,554,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Golar LNG in the 2nd quarter valued at $5,805,000. Finally, Renaissance Technologies LLC lifted its stake in Golar LNG by 115.3% during the 2nd 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. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

GLNG has been the topic of a number of recent research reports. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Wednesday, November 13th. Stifel Nicolaus decreased their price target on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.63.

Golar LNG Trading Down 4.2 %

Shares of NASDAQ:GLNG opened at $39.51 on Wednesday. Golar LNG Limited has a 52 week low of $19.94 and a 52 week high of $41.54. The company’s 50 day moving average is $36.87 and its two-hundred day moving average is $33.04. The company has a market cap of $4.12 billion, a PE ratio of 282.21 and a beta of 0.58. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31.

Golar LNG Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 25th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, November 25th. Golar LNG’s dividend payout ratio (DPR) is 714.29%.

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.