De Lisle Partners LLP Increases Stock Position in Golar LNG Limited (NASDAQ:GLNG)

De Lisle Partners LLP increased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 9.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 249,390 shares of the shipping company’s stock after purchasing an additional 20,890 shares during the period. Golar LNG accounts for 1.5% of De Lisle Partners LLP’s investment portfolio, making the stock its 15th largest holding. De Lisle Partners LLP’s holdings in Golar LNG were worth $9,169,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Lowe Wealth Advisors LLC acquired a new position in Golar LNG in the 2nd quarter valued at about $45,000. Blue Trust Inc. lifted its holdings in shares of Golar LNG by 105.1% during the third 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 Golar LNG in the 3rd quarter valued at $52,000. EverSource Wealth Advisors LLC raised its position in Golar LNG by 206.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after buying an additional 1,163 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Golar LNG by 830.9% in the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after acquiring an additional 1,479 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Stifel Nicolaus decreased their price target on Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.63.

Golar LNG Stock Performance

NASDAQ GLNG opened at $39.29 on Thursday. The business has a fifty day moving average of $37.13 and a 200-day moving average of $33.18. Golar LNG Limited has a fifty-two week low of $19.94 and a fifty-two week high of $41.54. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 280.66 and a beta of 0.58. The company has a quick ratio of 1.28, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 25th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, November 25th. Golar LNG’s dividend payout ratio is presently 714.34%.

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.