1 week Ago By ABMN Staff
Geode Capital Management LLC decreased its holdings in shares of Golar LNG Limited ( NASDAQ:GLNG – Free Report ) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,299,284 shares of the shipping company’s stock after selling 5,758 shares during the period.
Geode Capital Management LLC’s holdings in Golar LNG were worth $54,986,000 at the end of the most recent reporting period. A number of other large investors have also modified their holdings of the business. State Street Corp grew its holdings in Golar LNG by 5.
2% during the third quarter. State Street Corp now owns 1,920,590 shares of the shipping company’s stock worth $70,601,000 after acquiring an additional 94,336 shares during the period. Vanguard Group Inc.
grew its stake in shares of Golar LNG by 1.7% during the 4th quarter. Vanguard Group Inc.
now owns 1,093,098 shares of the shipping company’s stock worth $46,260,000 after purchasing an additional 18,475 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Golar LNG by 60.
2% in the 4th quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company’s stock valued at $14,848,000 after purchasing an additional 131,887 shares in the last quarter.
Bank of New York Mellon Corp lifted its stake in shares of Golar LNG by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 279,238 shares of the shipping company’s stock valued at $11,817,000 after purchasing an additional 6,588 shares during the period.
Finally, First Eagle Investment Management LLC grew its position in Golar LNG by 63.9% during the fourth quarter. First Eagle Investment Management LLC now owns 257,872 shares of the shipping company’s stock worth $10,913,000 after buying an additional 100,500 shares during the period.
92.21% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of equities research analysts have recently issued reports on the stock.
Fearnley Fonds upgraded shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com raised Golar LNG to a “sell” rating in a report on Thursday, March 20th.
DNB Markets downgraded Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus increased 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.
13. Golar LNG Stock Performance Golar LNG stock opened at $37.27 on Monday.
Golar LNG Limited has a fifty-two week low of $24.21 and a fifty-two week high of $44.36.
The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 266.23 and a beta of 0.
47. The stock has a fifty day moving average of $37.14 and a two-hundred day moving average of $38.
77. Golar LNG Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were paid a $0.
25 dividend. This represents a $1.00 annualized dividend and a yield of 2.
68%. The ex-dividend date was Tuesday, March 11th. Golar LNG’s payout ratio is 208.
33%. Golar LNG Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding GLNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golar LNG Limited ( NASDAQ:GLNG – Free Report ).
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