Stifel Financial Corp Decreases Holdings in Golar LNG Limited (GLNG)

Stifel Financial Corp cut its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 211,318 shares of the shipping company’s stock after selling 1,641 shares during the quarter. Stifel Financial Corp owned 0.21% of Golar LNG worth $4,586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc lifted its holdings in shares of Golar LNG by 10.6% during the 4th quarter. AdvisorNet Financial Inc now owns 5,225 shares of the shipping company’s stock valued at $114,000 after buying an additional 500 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Golar LNG by 6.4% during the 4th quarter. Advisors Asset Management Inc. now owns 14,842 shares of the shipping company’s stock valued at $323,000 after buying an additional 893 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Golar LNG by 0.7% during the 3rd quarter. Teachers Advisors LLC now owns 180,251 shares of the shipping company’s stock valued at $5,011,000 after buying an additional 1,295 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Golar LNG by 75.1% during the 4th quarter. Bank of Montreal Can now owns 3,130 shares of the shipping company’s stock valued at $68,000 after buying an additional 1,342 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Golar LNG by 62.1% during the 4th quarter. Strs Ohio now owns 4,700 shares of the shipping company’s stock valued at $102,000 after buying an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 75.03% of the company’s stock.

Shares of NASDAQ GLNG opened at $21.46 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -56.47 and a beta of 0.75. Golar LNG Limited has a 12 month low of $20.10 and a 12 month high of $35.54.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Thursday, March 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.80%. The ex-dividend date is Wednesday, March 13th. Golar LNG’s dividend payout ratio is currently -157.89%.

A number of research analysts recently weighed in on GLNG shares. Zacks Investment Research downgraded Golar LNG from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. BidaskClub raised Golar LNG from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Stifel Nicolaus set a $36.00 price objective on Golar LNG and gave the company a “buy” rating in a research note on Thursday, December 20th. Cowen set a $41.00 price objective on Golar LNG and gave the company 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 investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $33.18.

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Golar LNG Profile

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.

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

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