Golar LNG Limited (NASDAQ:GLNG) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC grew its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 101.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,076 shares of the shipping company’s stock after purchasing an additional 19,189 shares during the period. Tidal Investments LLC’s holdings in Golar LNG were worth $1,400,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Golar LNG during the 3rd quarter valued at about $32,000. Blue Trust Inc. boosted its stake in Golar LNG by 105.1% in the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 703 shares during the period. Sound Income Strategies LLC bought a new position in shares of Golar LNG during the third quarter valued at approximately $52,000. CWM LLC raised its position in shares of Golar LNG by 830.9% during the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after purchasing an additional 1,479 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Golar LNG by 206.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after purchasing an additional 1,163 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Golar LNG Stock Down 3.8 %

Shares of Golar LNG stock opened at $40.61 on Thursday. Golar LNG Limited has a 1-year low of $19.94 and a 1-year high of $44.08. The company has a market capitalization of $4.24 billion, a P/E ratio of 290.09 and a beta of 0.61. The business’s fifty day moving average price is $38.54 and its two-hundred day moving average price is $34.76. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 1.28.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.46%. The ex-dividend date was Monday, November 25th. Golar LNG’s payout ratio is currently 714.29%.

About Golar LNG

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.