WINTON GROUP Ltd Purchases 5,055 Shares of Golar LNG Limited (NASDAQ:GLNG)

WINTON GROUP Ltd raised its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 42.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,097 shares of the shipping company’s stock after purchasing an additional 5,055 shares during the quarter. WINTON GROUP Ltd’s holdings in Golar LNG were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC raised its position in shares of Golar LNG by 431.3% in the third quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock valued at $6,802,000 after purchasing an additional 150,195 shares during the period. JPMorgan Chase & Co. raised its holdings in Golar LNG by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company’s stock valued at $8,049,000 after acquiring an additional 59,188 shares during the period. Stifel Financial Corp lifted its position in shares of Golar LNG by 21.8% during the third quarter. Stifel Financial Corp now owns 639,813 shares of the shipping company’s stock worth $23,520,000 after acquiring an additional 114,531 shares in the last quarter. Luxor Capital Group LP bought a new position in shares of Golar LNG in the third quarter worth $10,286,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Golar LNG in the fourth quarter valued at $2,391,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Trading Down 3.4 %

Shares of Golar LNG stock opened at $37.88 on Friday. The firm has a market capitalization of $3.95 billion, a PE ratio of 270.59 and a beta of 0.78. Golar LNG Limited has a 12 month low of $23.74 and a 12 month high of $44.36. The business’s 50-day moving average price is $38.63 and its 200-day moving average price is $38.69.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Tuesday, March 11th. Golar LNG’s dividend payout ratio (DPR) is presently 208.33%.

Analyst Ratings Changes

A number of research analysts have weighed in on GLNG shares. Stifel Nicolaus lifted their target price on Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Fearnley Fonds raised shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, StockNews.com upgraded Golar LNG to a “sell” rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.13.

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.