DNB Asset Management AS lowered its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 53.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 16,200 shares of the shipping company’s stock after selling 18,300 shares during the period. DNB Asset Management AS’s holdings in Golar LNG were worth $342,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Golar LNG by 13.1% during the 4th quarter. Geode Capital Management LLC now owns 401,339 shares of the shipping company’s stock valued at $8,733,000 after purchasing an additional 46,519 shares during the last quarter. Norges Bank acquired a new position in Golar LNG during the 4th quarter valued at about $8,009,000. Deprince Race & Zollo Inc. boosted its stake in Golar LNG by 38.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 12,500 shares of the shipping company’s stock valued at $272,000 after purchasing an additional 3,500 shares during the last quarter. Energy Opportunities Capital Management LLC purchased a new position in shares of Golar LNG in the 4th quarter worth approximately $1,404,000. Finally, grace capital boosted its stake in shares of Golar LNG by 22.4% in the 4th quarter. grace capital now owns 25,700 shares of the shipping company’s stock worth $559,000 after buying an additional 4,700 shares during the last quarter. Institutional investors and hedge funds own 74.88% of the company’s stock.
Shares of NASDAQ GLNG opened at $20.67 on Friday. Golar LNG Limited has a twelve month low of $20.10 and a twelve month high of $35.54. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.65 and a quick ratio of 0.64.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Thursday, March 14th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.90%. Golar LNG’s dividend payout ratio (DPR) is presently -157.89%.
A number of equities analysts have recently weighed in on the company. BidaskClub downgraded Golar LNG from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 27th. Zacks Investment Research upgraded Golar LNG from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, April 10th. Cowen set a $41.00 target price on Golar LNG and gave the stock a “buy” rating in a research note on Sunday, December 30th. Finally, ValuEngine downgraded Golar LNG from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $33.18.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/dnb-asset-management-as-has-342000-holdings-in-golar-lng-limited-glng.html.
About Golar LNG
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
Featured Article: What are economic reports?
Receive News & Ratings for Golar LNG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG and related companies with MarketBeat.com's FREE daily email newsletter.