Golar LNG Ltd. (glng) to Issue $0.05 Quarterly Dividend
Golar LNG Ltd. (NASDAQ:glng) declared a quarterly dividend on Wednesday, November 30th. Shareholders of record on Wednesday, December 14th will be given a dividend of 0.05 per share on Friday, January 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Monday, December 12th.
Golar LNG (NASDAQ:GLNG) opened at 24.40 on Thursday. Golar LNG has a 12-month low of $9.42 and a 12-month high of $28.63. The firm has a 50-day moving average of $23.29 and a 200-day moving average of $19.69. The stock’s market cap is $2.20 billion.
A number of institutional investors have recently made changes to their positions in GLNG. LPL Financial LLC increased its position in shares of Golar LNG by 3.1% in the third quarter. LPL Financial LLC now owns 16,835 shares of the company’s stock worth $356,000 after buying an additional 500 shares in the last quarter. Credit Suisse AG increased its position in shares of Golar LNG by 22.5% in the third quarter. Credit Suisse AG now owns 205,413 shares of the company’s stock worth $4,356,000 after buying an additional 37,781 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Golar LNG during the third quarter worth about $333,000. Jane Street Group LLC bought a new position in shares of Golar LNG during the third quarter worth about $282,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Golar LNG during the third quarter worth about $1,230,000. Institutional investors own 80.33% of the company’s stock.
Several research analysts have recently issued reports on GLNG shares. Jefferies Group restated a “buy” rating on shares of Golar LNG in a report on Monday, September 12th. Morgan Stanley started coverage on shares of Golar LNG in a report on Tuesday, September 6th. They issued a “buy” rating and a $30.00 target price for the company. Seaport Global Securities restated a “buy” rating and issued a $35.00 target price on shares of Golar LNG in a report on Wednesday, November 23rd. Wells Fargo & Co. restated a “buy” rating on shares of Golar LNG in a report on Wednesday, October 5th. Finally, ABN Amro upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Monday, October 3rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $27.78.
Golar LNG Company Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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