Fmr LLC Has $50.19 Million Stake in Golar LNG Limited (NASDAQ:GLNG)

Fmr LLC reduced its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,365,379 shares of the shipping company’s stock after selling 22,067 shares during the quarter. Fmr LLC owned about 1.31% of Golar LNG worth $50,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise boosted its position in Golar LNG by 11.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock valued at $132,000 after buying an additional 417 shares during the last quarter. Beck Capital Management LLC boosted its holdings in Golar LNG by 0.7% in the second quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company’s stock valued at $2,355,000 after acquiring an additional 558 shares during the last quarter. Blue Trust Inc. increased its position in Golar LNG by 105.1% in the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after purchasing an additional 703 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Golar LNG by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company’s stock worth $1,115,000 after purchasing an additional 992 shares during the last quarter. Finally, O Brien Greene & Co. Inc raised its holdings in Golar LNG by 1.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 60,000 shares of the shipping company’s stock worth $1,881,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

GLNG has been the subject of several analyst reports. Stifel Nicolaus lowered their price target on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, StockNews.com upgraded Golar LNG to a “sell” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.63.

Golar LNG Trading Up 0.4 %

NASDAQ:GLNG opened at $42.45 on Friday. The business’s 50-day simple moving average is $37.86 and its 200-day simple moving average is $33.85. Golar LNG Limited has a fifty-two week low of $19.94 and a fifty-two week high of $42.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 1.28. The stock has a market capitalization of $4.43 billion, a PE ratio of 303.24 and a beta of 0.61.

Golar LNG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG’s payout ratio is currently 714.34%.

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.