Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Shay Capital LLC

Shay Capital LLC decreased its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 17.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 727,700 shares of the shipping company’s stock after selling 154,500 shares during the period. Golar LNG makes up about 4.7% of Shay Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Shay Capital LLC’s holdings in Golar LNG were worth $30,796,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Naria Inc. bought a new stake in shares of Golar LNG in the 4th quarter worth about $435,226,000. Millennium Management LLC raised its stake in Golar LNG by 49.2% during the fourth quarter. Millennium Management LLC now owns 4,638,045 shares of the shipping company’s stock valued at $196,282,000 after buying an additional 1,529,884 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Golar LNG during the 4th quarter valued at approximately $55,413,000. Vanguard Group Inc. boosted its holdings in shares of Golar LNG by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company’s stock valued at $46,260,000 after acquiring an additional 18,475 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Golar LNG by 56.3% during the fourth quarter. Invesco Ltd. now owns 887,842 shares of the shipping company’s stock valued at $37,573,000 after buying an additional 319,677 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

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

Golar LNG Stock Performance

Shares of GLNG opened at $39.02 on Friday. Golar LNG Limited has a 52 week low of $25.33 and a 52 week high of $44.36. The company has a market capitalization of $4.08 billion, a PE ratio of 278.73 and a beta of 0.62. The company’s 50 day moving average price is $37.41 and its 200 day moving average price is $38.97.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG’s dividend payout ratio (DPR) is presently 208.33%.

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.