Golar LNG (NASDAQ:GLNG) Upgraded at Fearnley Fonds

Fearnley Fonds upgraded shares of Golar LNG (NASDAQ:GLNG) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on GLNG. Stifel Nicolaus raised their target price on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Thursday. Finally, DNB Markets lowered shares of Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.13.

Golar LNG Trading Down 1.4 %

NASDAQ:GLNG opened at $37.76 on Wednesday. Golar LNG has a 1 year low of $23.45 and a 1 year high of $44.36. The firm’s fifty day simple moving average is $38.85 and its 200 day simple moving average is $38.36. The firm has a market capitalization of $3.94 billion, a PE ratio of 269.73 and a beta of 0.78.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 2.65%. Golar LNG’s dividend payout ratio is 208.33%.

Institutional Trading of Golar LNG

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 111 Capital acquired a new stake in Golar LNG in the 4th quarter worth $248,000. Teza Capital Management LLC bought a new position in shares of Golar LNG during the 4th quarter worth about $2,652,000. Toronto Dominion Bank bought a new position in shares of Golar LNG during the 4th quarter worth about $1,185,000. Sagefield Capital LP bought a new position in shares of Golar LNG during the 4th quarter worth about $8,725,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Golar LNG by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 27,871 shares of the shipping company’s stock worth $1,180,000 after acquiring an additional 9,169 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.