USA Financial Formulas Takes $61,000 Position in Golar LNG Limited (NASDAQ:GLNG)

USA Financial Formulas acquired a new stake in Golar LNG Limited (NASDAQ:GLNG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,453 shares of the shipping company’s stock, valued at approximately $61,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Barclays PLC increased its holdings in Golar LNG by 431.3% in the 3rd quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock worth $6,802,000 after buying an additional 150,195 shares during the period. De Lisle Partners LLP increased its stake in shares of Golar LNG by 9.1% in the third quarter. De Lisle Partners LLP now owns 249,390 shares of the shipping company’s stock worth $9,169,000 after acquiring an additional 20,890 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of 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 worth $82,232,000 after purchasing an additional 1,843,100 shares during the last quarter. Murchinson Ltd. purchased a new stake in Golar LNG in the second quarter valued at $1,301,000. Finally, Royce & Associates LP grew its position in Golar LNG by 102.5% during the 3rd quarter. Royce & Associates LP now owns 81,000 shares of the shipping company’s stock worth $2,978,000 after purchasing an additional 41,000 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Price Performance

Shares of NASDAQ GLNG opened at $41.23 on Friday. The firm’s 50-day moving average is $40.51 and its two-hundred day moving average is $36.71. The company has a market capitalization of $4.30 billion, a PE ratio of 294.52 and a beta of 0.59. Golar LNG Limited has a 12-month low of $19.94 and a 12-month high of $44.36.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Monday, November 25th. Golar LNG’s dividend payout ratio (DPR) is 714.34%.

Wall Street Analysts Forecast Growth

GLNG has been the subject of several analyst reports. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. Stifel Nicolaus lifted their price target on Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Finally, Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.13.

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.