WINTON GROUP Ltd Increases Stake in Golar LNG Limited (NASDAQ:GLNG)

WINTON GROUP Ltd lifted its position in Golar LNG Limited (NASDAQ:GLNG) by 42.0% during the 4th quarter, Holdings Channel reports. The firm owned 17,097 shares of the shipping company’s stock after acquiring an additional 5,055 shares during the period. WINTON GROUP Ltd’s holdings in Golar LNG were worth $724,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GLNG. BNP Paribas Financial Markets increased its position in shares of Golar LNG by 5.4% in the third quarter. BNP Paribas Financial Markets now owns 26,694 shares of the shipping company’s stock valued at $981,000 after acquiring an additional 1,360 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Golar LNG by 20.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,665 shares of the shipping company’s stock valued at $7,156,000 after purchasing an additional 32,751 shares during the period. Verition Fund Management LLC raised its position in Golar LNG by 55.8% during the 3rd quarter. Verition Fund Management LLC now owns 489,652 shares of the shipping company’s stock valued at $18,000,000 after purchasing an additional 175,468 shares during the last quarter. Appian Way Asset Management LP purchased a new stake in Golar LNG in the 3rd quarter worth approximately $15,351,000. Finally, Clearline Capital LP bought a new stake in shares of Golar LNG in the 3rd quarter worth approximately $36,865,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Golar LNG Stock Performance

Shares of GLNG opened at $37.88 on Friday. Golar LNG Limited has a fifty-two week low of $23.74 and a fifty-two week high of $44.36. The firm’s 50-day simple moving average is $38.63 and its two-hundred day simple moving average is $38.69. The stock has a market cap of $3.95 billion, a PE ratio of 270.59 and a beta of 0.78.

Golar LNG Announces Dividend

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

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.