Fox Run Management L.L.C. Acquires New Position in Golar LNG Limited (NASDAQ:GLNG)

Fox Run Management L.L.C. bought a new position in shares of Golar LNG Limited (NASDAQ:GLNG) in the 4th quarter, Holdings Channel reports. The institutional investor bought 6,753 shares of the shipping company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in shares of Golar LNG in the 3rd quarter valued at $32,000. USA Financial Formulas bought a new position in Golar LNG in the fourth quarter valued at about $61,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Golar LNG during the fourth quarter worth about $107,000. Blue Trust Inc. lifted its holdings in shares of Golar LNG by 116.8% in the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock worth $126,000 after acquiring an additional 1,603 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Golar LNG in the 4th quarter valued at approximately $141,000. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. StockNews.com upgraded Golar LNG to a “sell” rating in a research note on Thursday, March 20th. Fearnley Fonds raised Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, DNB Markets cut Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.13.

Golar LNG Stock Performance

Shares of NASDAQ:GLNG opened at $39.22 on Friday. Golar LNG Limited has a 52 week low of $23.71 and a 52 week high of $44.36. The firm has a market cap of $4.09 billion, a PE ratio of 280.16 and a beta of 0.78. The firm’s fifty day moving average is $38.71 and its 200-day moving average is $38.59.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG’s payout ratio is presently 208.33%.

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.