USA Financial Formulas Takes Position in Golar LNG Limited (NASDAQ:GLNG)

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

A number of other institutional investors have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Golar LNG during the third quarter worth $32,000. Blue Trust Inc. grew its holdings in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after acquiring an additional 703 shares during the period. Sound Income Strategies LLC bought a new position in shares of Golar LNG in the 3rd quarter worth about $52,000. CWM LLC lifted its stake in shares of Golar LNG by 830.9% in the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 1,479 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Golar LNG by 206.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock valued at $54,000 after purchasing an additional 1,163 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GLNG shares. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report 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 raised their price objective on Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.13.

Golar LNG Stock Down 2.2 %

Shares of Golar LNG stock opened at $41.23 on Friday. Golar LNG Limited has a 52 week low of $19.94 and a 52 week high of $44.36. The company has a market cap of $4.30 billion, a PE ratio of 294.52 and a beta of 0.59. The business has a 50 day moving average of $40.51 and a 200 day moving average of $36.71.

Golar LNG Dividend Announcement

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