UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 32,751 Shares of Golar LNG Limited (NASDAQ:GLNG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Golar LNG Limited (NASDAQ:GLNG) by 20.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,665 shares of the shipping company’s stock after acquiring an additional 32,751 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Golar LNG were worth $7,156,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GLNG. Banque Cantonale Vaudoise grew its stake in shares of Golar LNG by 11.1% in the second quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock worth $132,000 after purchasing an additional 417 shares during the last quarter. Beck Capital Management LLC lifted its holdings in Golar LNG by 0.7% in the 2nd quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company’s stock worth $2,355,000 after buying an additional 558 shares during the period. Blue Trust Inc. lifted 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 worth $50,000 after buying an additional 703 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Golar LNG by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company’s stock valued at $1,115,000 after acquiring an additional 992 shares in the last quarter. Finally, O Brien Greene & Co. Inc raised its holdings in shares of Golar LNG by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 60,000 shares of the shipping company’s stock valued at $1,881,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Trading Down 0.8 %

NASDAQ:GLNG opened at $42.13 on Tuesday. The firm has a market capitalization of $4.40 billion, a P/E ratio of 300.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 1.28. Golar LNG Limited has a one year low of $19.94 and a one year high of $43.87. The company’s 50-day simple moving average is $37.97 and its 200 day simple moving average is $34.01.

Golar LNG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.37%. Golar LNG’s dividend payout ratio is currently 714.34%.

Analysts Set New Price Targets

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

About Golar LNG

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.