Golar LNG Limited (NASDAQ:GLNG) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC lifted its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,996 shares of the shipping company’s stock after purchasing an additional 534 shares during the quarter. Metis Global Partners LLC’s holdings in Golar LNG were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC grew its stake in Golar LNG by 5.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company’s stock valued at $444,000 after acquiring an additional 500 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Golar LNG in the 3rd quarter valued at $32,000. Merit Financial Group LLC grew its stake in Golar LNG by 13.3% in the 4th quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company’s stock valued at $312,000 after acquiring an additional 866 shares during the period. Terril Brothers Inc. grew its stake in Golar LNG by 8.6% in the 4th quarter. Terril Brothers Inc. now owns 11,400 shares of the shipping company’s stock valued at $482,000 after acquiring an additional 900 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Golar LNG by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,694 shares of the shipping company’s stock worth $981,000 after purchasing an additional 1,360 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GLNG shares. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. DNB Markets cut shares of Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Stifel Nicolaus lifted their target price on shares of 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 raised shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.13.

Golar LNG Trading Down 7.4 %

Shares of GLNG opened at $33.07 on Friday. The firm has a market cap of $3.45 billion, a P/E ratio of 236.23 and a beta of 0.55. Golar LNG Limited has a 12-month low of $20.96 and a 12-month high of $44.36. The company’s 50-day moving average price is $40.57 and its 200 day moving average price is $38.24.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 3.02%. Golar LNG’s dividend payout ratio (DPR) is currently 208.33%.

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.