Ameriprise Financial Inc. Has $1.49 Million Position in Golar LNG Limited (NASDAQ:GLNG)

Ameriprise Financial Inc. cut its position in Golar LNG Limited (NASDAQ:GLNG) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,881 shares of the shipping company’s stock after selling 11,007 shares during the period. Ameriprise Financial Inc. owned about 0.07% of Golar LNG worth $1,492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Golar LNG by 3.0% in the second quarter. Vanguard Group Inc. now owns 219,487 shares of the shipping company’s stock worth $4,884,000 after purchasing an additional 6,307 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Golar LNG by 23,320.4% in the second quarter. The Manufacturers Life Insurance Company now owns 71,198 shares of the shipping company’s stock worth $1,583,000 after purchasing an additional 70,894 shares during the period. State Street Corp raised its holdings in Golar LNG by 6.2% in the second quarter. State Street Corp now owns 1,734,953 shares of the shipping company’s stock worth $38,608,000 after purchasing an additional 101,007 shares during the period. Nationwide Fund Advisors raised its holdings in Golar LNG by 4.0% in the third quarter. Nationwide Fund Advisors now owns 104,954 shares of the shipping company’s stock worth $2,373,000 after purchasing an additional 4,029 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Golar LNG by 48.2% in the third quarter. Bank of New York Mellon Corp now owns 511,313 shares of the shipping company’s stock worth $11,562,000 after purchasing an additional 166,198 shares during the period. Institutional investors own 82.83% of the company’s stock.

Several equities research analysts have weighed in on the stock. BidaskClub lowered shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. ABN Amro upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Jefferies Group assumed coverage on shares of Golar LNG in a research report on Monday, December 18th. They set a “buy” rating and a $39.00 price objective for the company. Finally, Cowen increased their price objective on shares of Golar LNG from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Golar LNG has an average rating of “Buy” and an average price target of $35.17.

Shares of Golar LNG Limited (NASDAQ GLNG) opened at $28.37 on Wednesday. The stock has a market cap of $2,870.00, a price-to-earnings ratio of -15.25, a PEG ratio of 16.13 and a beta of 0.96. Golar LNG Limited has a 12-month low of $19.32 and a 12-month high of $31.64. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77.

Golar LNG (NASDAQ:GLNG) last released its earnings results on Thursday, November 30th. The shipping company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.07). Golar LNG had a negative net margin of 180.90% and a negative return on equity of 9.15%. research analysts expect that Golar LNG Limited will post -1.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Wednesday, December 13th. Golar LNG’s dividend payout ratio (DPR) is currently -10.75%.

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About Golar LNG

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

Institutional Ownership by Quarter for Golar LNG (NASDAQ:GLNG)

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