Golar LNG Limited (NASDAQ:GLNG) Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC lessened its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 53.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,500 shares of the shipping company’s stock after selling 5,212 shares during the quarter. FNY Investment Advisers LLC’s holdings in Golar LNG were worth $190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GLNG. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Golar LNG by 467.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock valued at $82,232,000 after purchasing an additional 1,843,100 shares in the last quarter. Clearline Capital LP acquired a new position in Golar LNG during the 3rd quarter valued at about $36,865,000. Brookfield Corp ON raised its position in shares of Golar LNG by 180.8% during the 3rd quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company’s stock worth $31,244,000 after buying an additional 547,253 shares in the last quarter. Appian Way Asset Management LP acquired a new stake in shares of Golar LNG in the 3rd quarter worth approximately $15,351,000. Finally, Driehaus Capital Management LLC bought a new position in shares of Golar LNG in the second quarter valued at approximately $10,554,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GLNG. Stifel Nicolaus boosted their target price on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. StockNews.com upgraded Golar LNG to a “sell” rating in a report on Monday, December 9th. Finally, Fearnley Fonds cut Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.13.

Golar LNG Trading Up 1.9 %

Shares of NASDAQ:GLNG opened at $42.16 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.28 and a current ratio of 1.55. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 301.16 and a beta of 0.59. Golar LNG Limited has a 1-year low of $19.94 and a 1-year high of $44.36. The company has a 50 day moving average price of $40.38 and a 200 day moving average price of $36.64.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Monday, November 25th. Golar LNG’s dividend payout ratio is presently 714.29%.

Golar LNG 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.