Golar LNG Limited (NASDAQ:GLNG) Position Boosted by ARS Investment Partners LLC

ARS Investment Partners LLC raised its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 1,158.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,876 shares of the shipping company’s stock after purchasing an additional 196,876 shares during the quarter. ARS Investment Partners LLC’s holdings in Golar LNG were worth $9,051,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GLNG. Public Employees Retirement System of Ohio acquired a new stake in shares of Golar LNG in the third quarter worth $32,000. Blue Trust Inc. grew its holdings in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after acquiring an additional 703 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Golar LNG during the 3rd quarter valued at about $52,000. EverSource Wealth Advisors LLC lifted 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 valued at $54,000 after purchasing an additional 1,163 shares during the period. Finally, CWM LLC increased its stake in 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 in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GLNG. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their target price on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, StockNews.com raised Golar LNG to a “sell” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Golar LNG presently has a consensus rating of “Moderate Buy” and an average target price of $50.13.

Golar LNG Trading Up 1.4 %

Shares of Golar LNG stock opened at $41.82 on Tuesday. The stock has a fifty day simple moving average of $40.66 and a 200 day simple moving average of $36.94. Golar LNG Limited has a 12-month low of $19.94 and a 12-month high of $44.36. The company has a market capitalization of $4.37 billion, a P/E ratio of 298.74 and a beta of 0.59.

Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%. Golar LNG’s dividend payout ratio (DPR) is presently 714.34%.

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.