Empowered Funds LLC Sells 54,385 Shares of Golar LNG Limited (NASDAQ:GLNG)

Empowered Funds LLC trimmed its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 90.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,795 shares of the shipping company’s stock after selling 54,385 shares during the quarter. Empowered Funds LLC’s holdings in Golar LNG were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Golar LNG by 74.4% during the 1st quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company’s stock valued at $24,436,000 after purchasing an additional 433,299 shares during the period. SG Americas Securities LLC raised its position in Golar LNG by 532.0% in the second quarter. SG Americas Securities LLC now owns 133,444 shares of the shipping company’s stock worth $4,183,000 after acquiring an additional 112,331 shares during the period. Murchinson Ltd. bought a new stake in shares of Golar LNG during the 2nd quarter valued at $1,301,000. Royce & Associates LP raised its holdings in Golar LNG by 102.5% in the 3rd quarter. Royce & Associates LP now owns 81,000 shares of the shipping company’s stock worth $2,978,000 after purchasing an additional 41,000 shares during the period. Finally, Pinnacle Associates Ltd. lifted its position in Golar LNG by 4.4% during the second quarter. Pinnacle Associates Ltd. now owns 1,500,628 shares of the shipping company’s stock valued at $47,045,000 after purchasing an additional 63,180 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Wednesday, November 13th. One investment 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 data from MarketBeat, Golar LNG has an average rating of “Moderate Buy” and an average price target of $49.63.

Golar LNG Trading Down 4.2 %

GLNG stock opened at $39.51 on Wednesday. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 294.57 and a beta of 0.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.28. Golar LNG Limited has a 1-year low of $19.94 and a 1-year high of $41.54. The business has a 50 day simple moving average of $36.87 and a two-hundred day simple moving average of $33.04.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 2.53%. Golar LNG’s payout ratio is 714.29%.

Golar LNG Company 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.