Whalen Wealth Management Inc. Buys New Shares in Golar LNG Limited (NASDAQ:GLNG)

Whalen Wealth Management Inc. purchased a new position in shares of Golar LNG Limited (NASDAQ:GLNG) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 17,727 shares of the shipping company’s stock, valued at approximately $750,000.

Other hedge funds have also recently made changes to their positions in the company. ARS Investment Partners LLC boosted its position in shares of Golar LNG by 1,158.1% during the 4th quarter. ARS Investment Partners LLC now owns 213,876 shares of the shipping company’s stock valued at $9,051,000 after purchasing an additional 196,876 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Golar LNG by 13.3% during the 4th quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company’s stock worth $312,000 after buying an additional 866 shares in the last quarter. Procyon Advisors LLC acquired a new stake in shares of Golar LNG during the 4th quarter worth approximately $224,000. USA Financial Formulas bought a new stake in shares of Golar LNG in the 4th quarter valued at $61,000. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Golar LNG during the 4th quarter valued at $524,000. 92.21% of the stock is owned by institutional investors.

Golar LNG Price Performance

Shares of NASDAQ GLNG opened at $41.20 on Thursday. The company has a 50-day moving average price of $40.76 and a 200-day moving average price of $36.99. The stock has a market capitalization of $4.30 billion, a P/E ratio of 294.31 and a beta of 0.59. Golar LNG Limited has a 1 year low of $19.94 and a 1 year high of $44.36.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Monday, November 25th. Golar LNG’s dividend payout ratio is currently 714.34%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GLNG. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. StockNews.com raised Golar LNG to a “sell” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus increased their price target on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.13.

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.