Intrust Bank NA Has $1.54 Million Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Intrust Bank NA boosted its position in Golar LNG Limited (NASDAQ:GLNG) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,474 shares of the shipping company’s stock after acquiring an additional 2,565 shares during the period. Intrust Bank NA’s holdings in Golar LNG were worth $1,544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearline Capital LP bought a new stake in shares of Golar LNG during the third quarter worth approximately $36,865,000. Brookfield Corp ON grew its holdings in Golar LNG by 180.8% during the 3rd quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company’s stock worth $31,244,000 after acquiring an additional 547,253 shares during the period. Appian Way Asset Management LP bought a new stake in shares of Golar LNG during the 3rd quarter valued at $15,351,000. Luxor Capital Group LP acquired a new position in shares of Golar LNG in the 3rd quarter valued at $10,286,000. Finally, ARS Investment Partners LLC lifted its stake in shares of Golar LNG by 1,158.1% in 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 during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GLNG has been the subject of a number of recent analyst reports. StockNews.com upgraded Golar LNG to a “sell” rating in a report on Thursday, March 20th. Fearnley Fonds raised Golar LNG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. DNB Markets cut shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus increased their target price on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Golar LNG presently has an average rating of “Moderate Buy” and a consensus price target of $50.13.

Golar LNG Stock Performance

Shares of GLNG opened at $37.88 on Friday. The stock has a 50 day simple moving average of $38.63 and a 200 day simple moving average of $38.64. Golar LNG Limited has a 52-week low of $23.74 and a 52-week high of $44.36. The firm has a market capitalization of $3.95 billion, a PE ratio of 270.59 and a beta of 0.78.

Golar LNG Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date 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.