1 week Ago By Defense World Staff
Geode Capital Management LLC trimmed its holdings in shares of Golar LNG Limited (NASDAQ:GLNG – Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,299,284 shares of the shipping company’s stock after selling 5,758 shares during the period.
Geode Capital Management LLC owned 1.24% of Golar LNG worth $54,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds have also made changes to their positions in the business.
ARS Investment Partners LLC lifted its stake in Golar LNG by 1,158.1% during the fourth quarter. ARS Investment Partners LLC now owns 213,876 shares of the shipping company’s stock worth $9,051,000 after purchasing an additional 196,876 shares during the last quarter.
Barclays PLC lifted its position in shares of Golar LNG by 431.3% during the 3rd quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock worth $6,802,000 after buying an additional 150,195 shares during the last quarter.
JPMorgan Chase & Co. lifted its position in shares of Golar LNG by 60.2% during the 4th quarter.
JPMorgan Chase & Co. now owns 350,858 shares of the shipping company’s stock worth $14,848,000 after buying an additional 131,887 shares during the last quarter. Victory Capital Management Inc.
boosted its holdings in shares of Golar LNG by 895.2% in the 4th quarter. Victory Capital Management Inc.
now owns 135,663 shares of the shipping company’s stock valued at $5,741,000 after buying an additional 122,031 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Golar LNG by 63.9% in the 4th quarter.
First Eagle Investment Management LLC now owns 257,872 shares of the shipping company’s stock valued at $10,913,000 after buying an additional 100,500 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.
Golar LNG Stock Up 11.6 %GLNG opened at $37.27 on Monday.
Golar LNG Limited has a 52 week low of $24.21 and a 52 week high of $44.36.
The business has a 50 day moving average price of $37.14 and a two-hundred day moving average price of $38.77.
The company has a market cap of $3.90 billion, a PE ratio of 266.23 and a beta of 0.
47. Golar LNG Announces DividendThe business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a dividend of $0.
25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.
68%. The ex-dividend date was Tuesday, March 11th. Golar LNG’s dividend payout ratio is presently 208.
33%. Analysts Set New Price TargetsA number of brokerages recently weighed in on GLNG. Fearnley Fonds raised shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th.
Stifel Nicolaus raised their price target on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th.
StockNews.com raised Golar LNG to a “sell” rating in a research report on Thursday, March 20th. Finally, DNB Markets downgraded Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th.
One equities research analyst has rated the stock with a sell rating, one has given 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, Golar LNG currently has an average rating of “Moderate Buy” and a consensus target price of $50.13.
Read Our Latest Report on Golar LNGGolar LNG Company 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.
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