Xponance Inc. Sells 359 Shares of Golar LNG Limited (NASDAQ:GLNG)

Xponance Inc. lessened its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,128 shares of the shipping company’s stock after selling 359 shares during the quarter. Xponance Inc.’s holdings in Golar LNG were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Golar LNG by 431.3% during the 3rd quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock valued at $6,802,000 after acquiring an additional 150,195 shares in the last quarter. De Lisle Partners LLP boosted its position in shares of 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 purchasing an additional 20,890 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Golar LNG by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company’s stock worth $8,049,000 after purchasing an additional 59,188 shares during the period. Stifel Financial Corp raised its holdings in Golar LNG by 21.8% in the third quarter. Stifel Financial Corp now owns 639,813 shares of the shipping company’s stock worth $23,520,000 after purchasing an additional 114,531 shares in the last quarter. Finally, Luxor Capital Group LP purchased a new position in Golar LNG during the third quarter valued at $10,286,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Down 1.3 %

Shares of GLNG opened at $39.22 on Friday. Golar LNG Limited has a twelve month low of $23.71 and a twelve month high of $44.36. The company has a market capitalization of $4.09 billion, a P/E ratio of 280.16 and a beta of 0.78. The firm has a 50 day moving average of $38.71 and a 200 day moving average of $38.59.

Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. Golar LNG’s dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GLNG. Fearnley Fonds raised shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus raised their target price on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. StockNews.com raised Golar LNG to a “sell” rating in a research report on Thursday, March 20th. Finally, DNB Markets lowered Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” 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.