857 Shares in Golar LNG Limited (NASDAQ:GLNG) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Golar LNG Limited (NASDAQ:GLNG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 857 shares of the shipping company’s stock, valued at approximately $32,000.

Several other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after purchasing an additional 703 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Golar LNG during the third quarter worth about $52,000. EverSource Wealth Advisors LLC increased its position in Golar LNG by 206.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock valued at $54,000 after acquiring an additional 1,163 shares during the period. CWM LLC raised its stake in Golar LNG by 830.9% during the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock valued at $61,000 after acquiring an additional 1,479 shares during the last quarter. Finally, Quarry LP lifted its position in Golar LNG by 1,559.3% during the 2nd quarter. Quarry LP now owns 2,323 shares of the shipping company’s stock worth $73,000 after acquiring an additional 2,183 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Golar LNG Trading Down 0.4 %

NASDAQ:GLNG opened at $41.33 on Monday. Golar LNG Limited has a 1 year low of $19.94 and a 1 year high of $44.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.28 and a current ratio of 1.55. The stock has a fifty day moving average price of $38.66 and a two-hundred day moving average price of $35.04. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 295.24 and a beta of 0.61.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG’s dividend payout ratio (DPR) is 714.29%.

Analysts Set New Price Targets

GLNG has been the subject of several analyst reports. Fearnley Fonds cut Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.63.

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.