Nebula Research & Development LLC Buys Shares of 18,951 Golar LNG Limited (NASDAQ:GLNG)

Nebula Research & Development LLC purchased a new stake in shares of Golar LNG Limited (NASDAQ:GLNG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,951 shares of the shipping company’s stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC raised its holdings in shares of Golar LNG by 431.3% in the 3rd quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock valued at $6,802,000 after buying an additional 150,195 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Golar LNG during the fourth quarter worth about $465,000. JPMorgan Chase & Co. boosted its stake in shares of Golar LNG by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company’s stock valued at $8,049,000 after purchasing an additional 59,188 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Golar LNG in the fourth quarter valued at approximately $310,000. Finally, Wells Fargo & Company MN increased its stake in Golar LNG by 7.8% during the 4th quarter. Wells Fargo & Company MN now owns 120,200 shares of the shipping company’s stock worth $5,087,000 after buying an additional 8,654 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Stock Performance

Shares of NASDAQ GLNG opened at $40.31 on Monday. The stock’s 50-day simple moving average is $36.61 and its 200-day simple moving average is $38.78. The firm has a market capitalization of $4.21 billion, a PE ratio of 287.95 and a beta of 0.47. Golar LNG Limited has a fifty-two week low of $24.42 and a fifty-two week high of $44.36.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. Golar LNG’s dividend payout ratio is presently 208.33%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Thursday, March 20th. Fearnley Fonds upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Dnb Nor Markets upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, DNB Markets upgraded shares of Golar LNG from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $49.70.

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.