American Century Companies Inc. reduced its stake in Golar LNG Limited (NASDAQ:GLNG – Free Report) by 34.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 835,494 shares of the shipping company’s stock after selling 435,328 shares during the period. American Century Companies Inc. owned 0.78% of Golar LNG worth $18,047,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in Golar LNG by 0.4% in the fourth quarter. Legal & General Group Plc now owns 138,184 shares of the shipping company’s stock valued at $3,148,000 after acquiring an additional 547 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Golar LNG by 6.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,650 shares of the shipping company’s stock valued at $220,000 after purchasing an additional 566 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Golar LNG by 7.6% in the 4th quarter. HighTower Advisors LLC now owns 8,882 shares of the shipping company’s stock valued at $203,000 after purchasing an additional 631 shares during the period. Ellevest Inc. grew its stake in Golar LNG by 9.8% during the 1st quarter. Ellevest Inc. now owns 7,877 shares of the shipping company’s stock worth $170,000 after buying an additional 704 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in Golar LNG by 29.5% in the fourth quarter. Citigroup Inc. now owns 3,160 shares of the shipping company’s stock valued at $72,000 after buying an additional 720 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.
Golar LNG Price Performance
Shares of NASDAQ GLNG opened at $22.10 on Friday. The company has a market cap of $1.77 billion, a PE ratio of 8.13 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.16 and a quick ratio of 2.16. Golar LNG Limited has a 1-year low of $19.62 and a 1-year high of $29.30. The stock has a fifty day moving average price of $22.51 and a 200 day moving average price of $22.04.
Golar LNG Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Monday, August 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Friday, August 18th. Golar LNG’s dividend payout ratio (DPR) is 36.76%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. StockNews.com initiated coverage on shares of Golar LNG in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Wolfe Research cut shares of Golar LNG from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.88.
View Our Latest Stock Analysis on GLNG
About Golar LNG
Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management.
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