Savant Capital LLC Takes Position in Golar LNG Limited (NASDAQ:GLNG)

Savant Capital LLC acquired a new stake in Golar LNG Limited (NASDAQ:GLNG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,388 shares of the shipping company’s stock, valued at approximately $270,000.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in shares of Golar LNG in the third quarter valued at approximately $32,000. Blue Trust Inc. raised its stake in Golar LNG by 105.1% in the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 703 shares in the last quarter. CWM LLC raised its stake in Golar LNG by 830.9% in the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 1,479 shares in the last quarter. USA Financial Formulas purchased a new stake in Golar LNG in the fourth quarter valued at approximately $61,000. Finally, Metis Global Partners LLC purchased a new stake in Golar LNG in the third quarter valued at approximately $201,000. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GLNG shares. 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. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. One research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.13.

Golar LNG Stock Performance

GLNG stock opened at $40.81 on Wednesday. The company has a market capitalization of $4.26 billion, a PE ratio of 291.52 and a beta of 0.55. Golar LNG Limited has a one year low of $19.94 and a one year high of $44.36. The company’s 50 day moving average price is $41.68 and its two-hundred day moving average price is $37.81.

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.