First Eagle Investment Management LLC Has $10.91 Million Stake in Golar LNG Limited (NASDAQ:GLNG)

First Eagle Investment Management LLC boosted its stake in Golar LNG Limited (NASDAQ:GLNG) by 63.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257,872 shares of the shipping company’s stock after purchasing an additional 100,500 shares during the period. First Eagle Investment Management LLC owned about 0.25% of Golar LNG worth $10,913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in Golar LNG by 431.3% in the third quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock valued at $6,802,000 after purchasing an additional 150,195 shares during the period. De Lisle Partners LLP boosted its position in Golar LNG by 9.1% during the third quarter. De Lisle Partners LLP now owns 249,390 shares of the shipping company’s stock valued at $9,169,000 after acquiring an additional 20,890 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Golar LNG by 467.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock valued at $82,232,000 after acquiring an additional 1,843,100 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Golar LNG by 37.0% during the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company’s stock valued at $8,049,000 after acquiring an additional 59,188 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Golar LNG by 102.5% during the third quarter. Royce & Associates LP now owns 81,000 shares of the shipping company’s stock valued at $2,978,000 after acquiring an additional 41,000 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. DNB Markets cut shares of Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Stifel Nicolaus upped their price target on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Finally, StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.13.

Golar LNG Price Performance

GLNG stock opened at $33.86 on Friday. The stock has a market capitalization of $3.53 billion, a PE ratio of 241.87 and a beta of 0.78. The company’s 50-day moving average is $39.38 and its 200-day moving average is $38.23. Golar LNG Limited has a 1 year low of $23.32 and a 1 year high of $44.36.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.95%. Golar LNG’s dividend payout ratio (DPR) is presently 208.33%.

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.