Terril Brothers Inc. Raises Holdings in Golar LNG Limited (NASDAQ:GLNG)

Terril Brothers Inc. grew its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,400 shares of the shipping company’s stock after buying an additional 900 shares during the period. Terril Brothers Inc.’s holdings in Golar LNG were worth $482,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GLNG. Public Employees Retirement System of Ohio bought a new stake in shares of Golar LNG during the 3rd quarter valued at $32,000. Blue Trust Inc. raised its stake in shares of Golar LNG by 105.1% during the 3rd 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 during the period. USA Financial Formulas bought a new stake in shares of Golar LNG during the 4th quarter valued at $61,000. Atria Wealth Solutions Inc. bought a new stake in shares of Golar LNG during the 4th quarter valued at $200,000. Finally, Metis Global Partners LLC bought a new stake in shares of Golar LNG during the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

GLNG has been the topic of a number of analyst reports. DNB Markets lowered Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Stifel Nicolaus upped their target price on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Finally, StockNews.com upgraded Golar LNG to a “sell” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $50.13.

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 PE ratio of 273.88 and a beta of 0.55. The business’s 50-day moving average price is $41.19 and its 200-day moving average price is $38.14. Golar LNG Limited has a 12 month low of $20.38 and a 12 month high of $44.36.

Golar LNG Announces Dividend

The company also recently disclosed 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 of this dividend is Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.61%. Golar LNG’s dividend payout ratio (DPR) 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.