Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Perpetual Ltd

Perpetual Ltd trimmed its position in Golar LNG Limited (NASDAQ:GLNG) by 12.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 243,704 shares of the shipping company’s stock after selling 36,000 shares during the period. Perpetual Ltd owned 0.23% of Golar LNG worth $10,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in Golar LNG during the 3rd quarter worth approximately $32,000. Blue Trust Inc. lifted its stake in Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after purchasing an additional 703 shares during the last quarter. Sound Income Strategies LLC bought a new position in Golar LNG during the third quarter worth $52,000. USA Financial Formulas acquired a new position in Golar LNG in the fourth quarter worth $61,000. Finally, CWM LLC raised its holdings in shares of Golar LNG by 830.9% during the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after purchasing an additional 1,479 shares during the period. 92.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GLNG has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, StockNews.com raised Golar LNG to a “sell” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Golar LNG presently has an average rating of “Moderate Buy” and an average price target of $50.13.

Golar LNG Trading Down 0.5 %

GLNG opened at $41.62 on Wednesday. The business’s 50 day moving average is $40.66 and its 200-day moving average is $36.94. The stock has a market cap of $4.35 billion, a PE ratio of 297.31 and a beta of 0.59. Golar LNG Limited has a twelve month low of $19.94 and a twelve month high of $44.36.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%. Golar LNG’s dividend payout ratio (DPR) is presently 714.34%.

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.