Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,738 shares of the shipping company’s stock after selling 58,259 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Golar LNG were worth $12,727,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GLNG. Public Employees Retirement System of Ohio purchased a new stake in shares of Golar LNG during the 3rd quarter valued at approximately $32,000. USA Financial Formulas purchased a new stake in Golar LNG in the fourth quarter valued at $61,000. Blue Trust Inc. lifted its stake in shares of Golar LNG by 116.8% in the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock valued at $126,000 after purchasing an additional 1,603 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Golar LNG during the 4th quarter worth $200,000. Finally, Schechter Investment Advisors LLC acquired a new stake in shares of Golar LNG during the 4th quarter worth about $203,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Stock Performance

GLNG opened at $37.76 on Friday. Golar LNG Limited has a 1 year low of $23.45 and a 1 year high of $44.36. The company’s 50 day simple moving average is $38.85 and its 200 day simple moving average is $38.36. The stock has a market capitalization of $3.94 billion, a PE ratio of 269.73 and a beta of 0.78.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. Golar LNG’s payout ratio is currently 208.33%.

Analysts Set New Price Targets

GLNG has been the topic of a number of research reports. Fearnley Fonds upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. StockNews.com upgraded Golar LNG to a “sell” rating in a report on Thursday. Stifel Nicolaus boosted their price target on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Finally, DNB Markets cut shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Golar LNG currently has an average rating of “Moderate Buy” and a consensus price target of $50.13.

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.