Rhumbline Advisers Increases Stake in Golar LNG Limited (NASDAQ:GLNG)

Rhumbline Advisers grew its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 158,808 shares of the shipping company’s stock after purchasing an additional 3,115 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Golar LNG worth $6,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after buying an additional 703 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Golar LNG by 103.7% during the third quarter. Lindbrook Capital LLC now owns 12,520 shares of the shipping company’s stock worth $460,000 after purchasing an additional 6,374 shares during the period. Metis Global Partners LLC bought a new stake in shares of Golar LNG in the third quarter worth about $201,000. Royce & Associates LP increased its holdings in Golar LNG by 102.5% during the 3rd quarter. Royce & Associates LP now owns 81,000 shares of the shipping company’s stock valued at $2,978,000 after purchasing an additional 41,000 shares during the period. Finally, Chesapeake Capital Corp IL increased its holdings in Golar LNG by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 24,158 shares of the shipping company’s stock valued at $906,000 after purchasing an additional 5,271 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GLNG. StockNews.com upgraded Golar LNG to a “sell” rating in a research report on Monday, December 9th. DNB Markets cut shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus raised their target price on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Golar LNG currently has an average rating of “Hold” and an average price target of $50.13.

Golar LNG Stock Up 0.5 %

Shares of GLNG stock opened at $38.45 on Thursday. The business’s fifty day moving average is $41.30 and its 200 day moving average is $38.14. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 274.66 and a beta of 0.55. Golar LNG Limited has a twelve month low of $19.94 and a twelve month high of $44.36.

Golar LNG 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.