EAM Investors LLC Sells 33,729 Shares of Golar LNG Limited (NASDAQ:GLNG)

EAM Investors LLC lessened its position in Golar LNG Limited (NASDAQ:GLNG) by 32.5% in the 4th quarter, Holdings Channel reports. The firm owned 70,157 shares of the shipping company’s stock after selling 33,729 shares during the period. EAM Investors LLC’s holdings in Golar LNG were worth $2,969,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GLNG. State Street Corp increased its position in shares of Golar LNG by 5.2% in the 3rd quarter. State Street Corp now owns 1,920,590 shares of the shipping company’s stock valued at $70,601,000 after buying an additional 94,336 shares in the last quarter. Vanguard Group Inc. grew its stake in Golar LNG by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company’s stock valued at $46,260,000 after acquiring an additional 18,475 shares during the period. Invesco Ltd. increased its holdings in shares of Golar LNG by 56.3% in the fourth quarter. Invesco Ltd. now owns 887,842 shares of the shipping company’s stock worth $37,573,000 after acquiring an additional 319,677 shares in the last quarter. Discovery Capital Management LLC CT acquired a new stake in shares of Golar LNG during the fourth quarter worth about $17,719,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Golar LNG by 60.2% during the 4th quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company’s stock valued at $14,848,000 after purchasing an additional 131,887 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Stock Up 0.8 %

NASDAQ GLNG opened at $37.32 on Thursday. The firm’s 50 day moving average is $36.87 and its 200-day moving average is $38.75. The company has a market capitalization of $3.90 billion, a PE ratio of 266.59 and a beta of 0.47. Golar LNG Limited has a 12-month low of $24.42 and a 12-month high of $44.36.

Golar LNG Announces Dividend

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 $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 2.68%. Golar LNG’s payout ratio is currently 208.33%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GLNG shares. StockNews.com raised 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. DNB Markets cut shares of Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Fearnley Fonds upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.13.

Golar LNG Company 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.