Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 21.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,392 shares of the shipping company’s stock after selling 1,773 shares during the period. Guggenheim Capital LLC’s holdings in Golar LNG were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLNG. Barclays PLC raised its position in Golar LNG by 431.3% during the third quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock worth $6,802,000 after acquiring an additional 150,195 shares during the last quarter. Tidal Investments LLC raised its position in shares of Golar LNG by 101.6% in the third quarter. Tidal Investments LLC now owns 38,076 shares of the shipping company’s stock valued at $1,400,000 after buying an additional 19,189 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Golar LNG by 37.0% during the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company’s stock valued at $8,049,000 after buying an additional 59,188 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Golar LNG during the fourth quarter worth approximately $524,000. Finally, USA Financial Formulas purchased a new stake in Golar LNG in the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded Golar LNG to a “sell” rating in a report on Thursday, March 20th. DNB Markets upgraded Golar LNG from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, April 22nd. Dnb Nor Markets upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Finally, Fearnley Fonds upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Golar LNG currently has a consensus rating of “Buy” and an average target price of $49.70.

Golar LNG Trading Up 0.3 %

Shares of Golar LNG stock opened at $40.31 on Monday. Golar LNG Limited has a twelve month low of $24.42 and a twelve month high of $44.36. The stock has a market capitalization of $4.21 billion, a P/E ratio of 287.95 and a beta of 0.47. The business’s fifty day moving average price is $36.61 and its 200 day moving average price is $38.78.

Golar LNG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Tuesday, March 11th. 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.