Bank of New York Mellon Corp Has $11.82 Million Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Bank of New York Mellon Corp lifted its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,238 shares of the shipping company’s stock after purchasing an additional 6,588 shares during the quarter. Bank of New York Mellon Corp’s holdings in Golar LNG were worth $11,817,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Golar LNG in the third quarter valued at about $32,000. USA Financial Formulas acquired a new position in shares of Golar LNG in the 4th quarter valued at approximately $61,000. Blue Trust Inc. increased its stake in Golar LNG by 116.8% during the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock worth $126,000 after purchasing an additional 1,603 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Golar LNG during the 4th quarter worth approximately $200,000. Finally, Metis Global Partners LLC bought a new position in Golar LNG in the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Trading Down 4.0 %

Shares of GLNG opened at $32.69 on Friday. Golar LNG Limited has a 12 month low of $23.32 and a 12 month high of $44.36. The firm has a fifty day simple moving average of $39.58 and a 200 day simple moving average of $38.23. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 233.52 and a beta of 0.78.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, March 11th. Golar LNG’s payout ratio is 208.33%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Stifel Nicolaus increased their target price on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, StockNews.com raised Golar LNG to a “sell” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $50.13.

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.