Legal & General Group Plc grew its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 4.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,912 shares of the shipping company’s stock after acquiring an additional 3,760 shares during the period. Legal & General Group Plc owned about 0.09% of Golar LNG worth $2,034,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of GLNG. Vanguard Group Inc. raised its stake in Golar LNG by 2.3% in the first quarter. Vanguard Group Inc. now owns 213,180 shares of the shipping company’s stock worth $5,954,000 after buying an additional 4,739 shares in the last quarter. Sei Investments Co. raised its stake in Golar LNG by 19.3% in the second quarter. Sei Investments Co. now owns 6,511 shares of the shipping company’s stock worth $145,000 after buying an additional 1,054 shares in the last quarter. SG Americas Securities LLC grew its holdings in Golar LNG by 180.6% in the second quarter. SG Americas Securities LLC now owns 35,069 shares of the shipping company’s stock worth $780,000 after purchasing an additional 22,573 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Golar LNG by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 345,115 shares of the shipping company’s stock worth $7,679,000 after purchasing an additional 6,036 shares during the last quarter. Finally, KBC Group NV grew its holdings in Golar LNG by 70.8% in the second quarter. KBC Group NV now owns 57,616 shares of the shipping company’s stock worth $1,282,000 after purchasing an additional 23,878 shares during the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.
GLNG has been the topic of several analyst reports. Cowen lifted their price target on shares of Golar LNG from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. BidaskClub raised shares of Golar LNG from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Jefferies Group initiated coverage on shares of Golar LNG in a report on Monday, December 18th. They set a “buy” rating and a $39.00 price objective on the stock. ABN Amro raised shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.17.
Golar LNG Limited (GLNG) opened at $29.73 on Friday. The firm has a market cap of $3,010.00, a PE ratio of -15.98, a price-to-earnings-growth ratio of 15.46 and a beta of 0.96. Golar LNG Limited has a 1 year low of $19.32 and a 1 year high of $31.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.41 and a quick ratio of 0.41.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. Golar LNG’s dividend payout ratio (DPR) is currently -10.75%.
Golar LNG Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
Receive News & Ratings for Golar LNG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG and related companies with MarketBeat.com's FREE daily email newsletter.