Amundi Reduces Stake in Golar LNG Limited (NASDAQ:GLNG)

Amundi lessened its position in Golar LNG Limited (NASDAQ:GLNG) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,118 shares of the shipping company’s stock after selling 307 shares during the quarter. Amundi’s holdings in Golar LNG were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Golar LNG in the third quarter worth $32,000. USA Financial Formulas bought a new position in shares of Golar LNG during the fourth quarter valued at approximately $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Golar LNG in the fourth quarter worth approximately $107,000. Blue Trust Inc. grew its stake in Golar LNG by 116.8% in the fourth 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. Finally, J.Safra Asset Management Corp purchased a new stake in Golar LNG during the fourth quarter worth $141,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Trading Up 3.0 %

Shares of GLNG stock opened at $38.30 on Friday. The firm has a fifty day moving average price of $38.92 and a 200 day moving average price of $38.33. The company has a market cap of $4.00 billion, a P/E ratio of 273.59 and a beta of 0.78. Golar LNG Limited has a 12 month low of $23.45 and a 12 month high of $44.36.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 2.61%. Golar LNG’s dividend payout ratio is presently 208.33%.

Analyst Upgrades and Downgrades

GLNG has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. StockNews.com raised Golar LNG to a “sell” rating in a research report on Thursday. Finally, DNB Markets downgraded Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Golar LNG has an average rating of “Hold” and a consensus target price of $50.13.

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.