Ellevest Inc. Has $481,000 Stock Position in Golar LNG Limited (NASDAQ:GLNG)

Ellevest Inc. cut its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 40.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,374 shares of the shipping company’s stock after selling 7,618 shares during the period. Ellevest Inc.’s holdings in Golar LNG were worth $481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Golar LNG by 431.3% during the 3rd quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock worth $6,802,000 after buying an additional 150,195 shares during the period. JPMorgan Chase & Co. grew its holdings in Golar LNG by 37.0% during the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company’s stock valued at $8,049,000 after purchasing an additional 59,188 shares during the period. Harbour Capital Advisors LLC bought a new stake in Golar LNG in the fourth quarter valued at approximately $524,000. USA Financial Formulas acquired a new stake in Golar LNG in the fourth quarter worth $61,000. Finally, Procyon Advisors LLC bought a new position in shares of Golar LNG during the fourth quarter worth $224,000. Institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Down 1.3 %

NASDAQ:GLNG opened at $37.87 on Friday. Golar LNG Limited has a twelve month low of $25.33 and a twelve month high of $44.36. The company has a market cap of $3.96 billion, a P/E ratio of 270.52 and a beta of 0.62. The business has a 50 day moving average price of $36.93 and a two-hundred day moving average price of $38.91.

Golar LNG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG’s dividend payout ratio (DPR) is currently 208.33%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Fearnley Fonds raised Golar LNG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. StockNews.com raised Golar LNG to a “sell” rating in a research report on Thursday, March 20th. Dnb Nor Markets upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Finally, DNB Markets upgraded shares of Golar LNG from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $49.70.

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.