Schechter Investment Advisors LLC Takes Position in Golar LNG Limited (NASDAQ:GLNG)

Schechter Investment Advisors LLC purchased a new stake in shares of Golar LNG Limited (NASDAQ:GLNG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,803 shares of the shipping company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC boosted its position in shares of Golar LNG by 5.0% during 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 last quarter. Metis Global Partners LLC raised its holdings in Golar LNG by 9.8% in the 4th quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company’s stock valued at $254,000 after buying an additional 534 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Golar LNG in the 3rd quarter valued at about $32,000. Merit Financial Group LLC raised its holdings 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 buying an additional 866 shares during the period. Finally, Terril Brothers Inc. raised its holdings 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 buying an additional 900 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Price Performance

Shares of NASDAQ:GLNG opened at $33.07 on Friday. The firm has a market capitalization of $3.45 billion, a PE ratio of 236.23 and a beta of 0.55. The firm’s 50-day moving average is $40.57 and its two-hundred day moving average is $38.24. Golar LNG Limited has a 1 year low of $20.96 and a 1 year high of $44.36.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.02%. Golar LNG’s dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analyst Weigh In

GLNG has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective 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 lowered shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Golar LNG presently has an average rating of “Hold” and a consensus target price of $50.13.

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.