Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd trimmed its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,852 shares of the shipping company’s stock after selling 10,007 shares during the period. Quadrature Capital Ltd’s holdings in Golar LNG were worth $525,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CenterBook Partners LP grew its holdings in Golar LNG by 84.3% during the 4th quarter. CenterBook Partners LP now owns 101,438 shares of the shipping company’s stock valued at $2,332,000 after purchasing an additional 46,393 shares in the last quarter. 1492 Capital Management LLC acquired a new stake in Golar LNG during the 4th quarter valued at $1,498,000. Rubric Capital Management LP grew its holdings in Golar LNG by 0.8% during the 3rd quarter. Rubric Capital Management LP now owns 6,506,757 shares of the shipping company’s stock valued at $157,854,000 after purchasing an additional 50,000 shares in the last quarter. American Century Companies Inc. grew its holdings in Golar LNG by 59.1% during the 3rd quarter. American Century Companies Inc. now owns 888,096 shares of the shipping company’s stock valued at $21,545,000 after purchasing an additional 330,059 shares in the last quarter. Finally, Trexquant Investment LP grew its holdings in Golar LNG by 709.8% during the 4th quarter. Trexquant Investment LP now owns 157,448 shares of the shipping company’s stock valued at $3,620,000 after purchasing an additional 138,006 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Golar LNG Trading Down 0.3 %

Golar LNG stock opened at $28.88 on Friday. The firm’s 50-day moving average is $26.31 and its 200-day moving average is $23.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 1.49. Golar LNG Limited has a 1 year low of $19.62 and a 1 year high of $29.50. The company has a market cap of $3.02 billion, a P/E ratio of 27.51 and a beta of 0.61.

Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.46%. Golar LNG’s dividend payout ratio (DPR) is presently 95.24%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GLNG. BTIG Research increased their price objective on shares of Golar LNG from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Golar LNG from $28.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, StockNews.com downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.33.

About Golar LNG

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.