Mountain Hill Investment Partners Corp. Buys Shares of 5,662 Golar LNG Limited (NASDAQ:GLNG)

Mountain Hill Investment Partners Corp. purchased a new position in Golar LNG Limited (NASDAQ:GLNG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,662 shares of the shipping company’s stock, valued at approximately $240,000.

Several other large investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC increased its holdings in Golar LNG by 5.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company’s stock valued at $444,000 after buying an additional 500 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Golar LNG by 9.8% in the 4th quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company’s stock worth $254,000 after purchasing an additional 534 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Golar LNG in the 3rd quarter worth $32,000. Merit Financial Group LLC lifted its position in Golar LNG by 13.3% during the fourth quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company’s stock valued at $312,000 after purchasing an additional 866 shares in the last quarter. Finally, Terril Brothers Inc. grew its holdings in Golar LNG by 8.6% during the fourth quarter. Terril Brothers Inc. now owns 11,400 shares of the shipping company’s stock valued at $482,000 after purchasing an additional 900 shares during the period. Institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Performance

GLNG stock opened at $37.76 on Monday. The company has a market capitalization of $3.94 billion, a PE ratio of 269.73 and a beta of 0.78. The company’s fifty day moving average price is $38.85 and its 200-day moving average price is $38.45. Golar LNG Limited has a one year low of $23.45 and a one year high of $44.36.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG’s dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analyst Weigh In

Several research firms have recently commented on GLNG. Fearnley Fonds raised Golar LNG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Stifel Nicolaus lifted their price target on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. DNB Markets cut shares of Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong 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 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.