Charles Schwab Investment Management Inc. Has $13.20 Million Stock Position in Golar LNG Limited (NASDAQ:GLNG)

Charles Schwab Investment Management Inc. lessened its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 14.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 358,997 shares of the shipping company’s stock after selling 58,616 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Golar LNG were worth $13,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its holdings in Golar LNG by 105.1% in the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after buying an additional 703 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Golar LNG during the 3rd quarter valued at about $52,000. CWM LLC increased its stake in Golar LNG by 830.9% in the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock valued at $61,000 after acquiring an additional 1,479 shares during the period. EverSource Wealth Advisors LLC raised its position in Golar LNG by 206.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after purchasing an additional 1,163 shares in the last quarter. Finally, Quarry LP lifted its stake in Golar LNG by 1,559.3% during the second quarter. Quarry LP now owns 2,323 shares of the shipping company’s stock worth $73,000 after purchasing an additional 2,183 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Golar LNG Price Performance

Shares of GLNG stock opened at $42.45 on Monday. The stock’s fifty day moving average is $37.86 and its 200-day moving average is $33.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.28 and a current ratio of 1.55. Golar LNG Limited has a 52 week low of $19.94 and a 52 week high of $42.68. The stock has a market capitalization of $4.43 billion, a PE ratio of 303.24 and a beta of 0.61.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG’s dividend payout ratio is presently 714.34%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com raised Golar LNG to a “sell” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Stifel Nicolaus cut their price target on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.63.

Golar LNG Company 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.