Golar LNG (NASDAQ:GLNG) Stock Rating Upgraded by Fearnley Fonds

Fearnley Fonds upgraded shares of Golar LNG (NASDAQ:GLNG) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. StockNews.com raised shares of Golar LNG to a “sell” rating in a report on Thursday. Stifel Nicolaus lifted their price target on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Finally, DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.13.

Golar LNG Stock Down 1.4 %

Shares of GLNG stock opened at $37.76 on Wednesday. Golar LNG has a 12-month low of $23.45 and a 12-month high of $44.36. The company has a market capitalization of $3.94 billion, a P/E ratio of 269.73 and a beta of 0.78. The firm has a 50-day moving average price of $38.85 and a 200 day moving average price of $38.36.

Golar LNG Announces Dividend

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

Hedge Funds Weigh In On Golar LNG

A number of institutional investors have recently modified their holdings of GLNG. Public Employees Retirement System of Ohio bought a new position in shares of Golar LNG in the third quarter worth about $32,000. USA Financial Formulas acquired a new stake in shares of Golar LNG during the 4th quarter worth approximately $61,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Golar LNG during the 4th quarter worth approximately $107,000. Blue Trust Inc. grew its position in shares of 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 buying an additional 1,603 shares during the period. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Golar LNG during the 4th quarter worth approximately $141,000. 92.21% of the stock is owned by institutional investors.

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.