Terril Brothers Inc. Has $482,000 Holdings in Golar LNG Limited (NASDAQ:GLNG)

Terril Brothers Inc. raised its position in Golar LNG Limited (NASDAQ:GLNG) by 8.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,400 shares of the shipping company’s stock after acquiring an additional 900 shares during the period. Terril Brothers Inc.’s holdings in Golar LNG were worth $482,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in Golar LNG in the third quarter valued at approximately $32,000. Blue Trust Inc. lifted its holdings in shares of 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. USA Financial Formulas bought a new position in shares of Golar LNG in the fourth quarter valued at approximately $61,000. Atria Wealth Solutions Inc. bought a new position in shares of Golar LNG in the fourth quarter valued at approximately $200,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Golar LNG in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Trading Down 0.2 %

Shares of Golar LNG stock opened at $38.34 on Friday. The firm has a market capitalization of $4.00 billion, a P/E ratio of 273.88 and a beta of 0.55. The business’s fifty day simple moving average is $41.19 and its 200 day simple moving average is $38.14. Golar LNG Limited has a 12 month low of $20.38 and a 12 month high of $44.36.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.61%. Golar LNG’s dividend payout ratio is presently 714.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GLNG. DNB Markets lowered Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. StockNews.com upgraded Golar LNG to a “sell” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus lifted their price target on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $50.13.

About Golar LNG

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.