Truist Financial Corp Has $230,000 Holdings in Golar LNG Limited (NASDAQ:GLNG)

Truist Financial Corp lessened its holdings in Golar LNG Limited (NASDAQ:GLNG) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,431 shares of the shipping company’s stock after selling 846 shares during the period. Truist Financial Corp’s holdings in Golar LNG were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Golar LNG by 467.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock valued at $82,232,000 after purchasing an additional 1,843,100 shares during the last quarter. State Street Corp raised its holdings in Golar LNG by 5.2% in the 3rd quarter. State Street Corp now owns 1,920,590 shares of the shipping company’s stock worth $70,601,000 after acquiring an additional 94,336 shares during the period. Clearline Capital LP bought a new position in Golar LNG in the 3rd quarter worth $36,865,000. Brookfield Corp ON raised its holdings in Golar LNG by 180.8% in the 3rd quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company’s stock worth $31,244,000 after acquiring an additional 547,253 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC raised its holdings in Golar LNG by 32.8% in the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 761,194 shares of the shipping company’s stock worth $27,981,000 after acquiring an additional 187,924 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report on Monday, December 9th. DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Golar LNG has an average rating of “Hold” and an average target price of $50.13.

Golar LNG Stock Down 7.4 %

NASDAQ GLNG opened at $33.07 on Friday. The stock has a market cap of $3.45 billion, a P/E ratio of 236.23 and a beta of 0.55. The company’s 50-day simple moving average is $40.57 and its 200 day simple moving average is $38.24. Golar LNG Limited has a twelve month low of $20.96 and a twelve month high of $44.36.

Golar LNG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.02%. Golar LNG’s payout ratio is currently 208.33%.

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.