Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC lessened its position in Golar LNG Limited (NASDAQ:GLNG) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,607 shares of the shipping company’s stock after selling 391 shares during the period. Lake Hills Wealth Management LLC’s holdings in Golar LNG were worth $280,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GLNG. Healthcare of Ontario Pension Plan Trust Fund raised its stake 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 valued at $82,232,000 after purchasing an additional 1,843,100 shares in the last quarter. State Street Corp raised its position in shares of Golar LNG by 5.2% during the 3rd quarter. State Street Corp now owns 1,920,590 shares of the shipping company’s stock worth $70,601,000 after buying an additional 94,336 shares in the last quarter. Clearline Capital LP acquired a new stake in shares of Golar LNG in the 3rd quarter worth approximately $36,865,000. Brookfield Corp ON boosted its holdings in shares of Golar LNG by 180.8% in the third quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company’s stock valued at $31,244,000 after acquiring an additional 547,253 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC raised its holdings in Golar LNG by 32.8% during the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 761,194 shares of the shipping company’s stock worth $27,981,000 after purchasing an additional 187,924 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Golar LNG Stock Down 1.0 %

Shares of NASDAQ GLNG opened at $41.20 on Thursday. The business has a fifty day simple moving average of $40.76 and a 200-day simple moving average of $36.99. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 294.31 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 company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG’s dividend payout ratio (DPR) is currently 714.34%.

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.