Nationwide Fund Advisors increased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,954 shares of the shipping company’s stock after purchasing an additional 4,029 shares during the period. Nationwide Fund Advisors owned approximately 0.11% of Golar LNG worth $2,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP grew its stake in Golar LNG by 71.0% during the second quarter. Quantbot Technologies LP now owns 6,233 shares of the shipping company’s stock worth $138,000 after purchasing an additional 2,589 shares during the period. Sei Investments Co. grew its stake in Golar LNG by 19.3% in the second quarter. Sei Investments Co. now owns 6,511 shares of the shipping company’s stock valued at $145,000 after acquiring an additional 1,054 shares during the period. PNC Financial Services Group Inc. grew its stake in Golar LNG by 104.0% in the second quarter. PNC Financial Services Group Inc. now owns 7,552 shares of the shipping company’s stock valued at $168,000 after acquiring an additional 3,850 shares during the period. Seven Eight Capital LP grew its stake in Golar LNG by 745.6% in the second quarter. Seven Eight Capital LP now owns 8,870 shares of the shipping company’s stock valued at $197,000 after acquiring an additional 7,821 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in Golar LNG by 10.3% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 9,600 shares of the shipping company’s stock valued at $214,000 after acquiring an additional 900 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. ValuEngine cut Golar LNG from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub raised Golar LNG from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Cowen raised their price objective on Golar LNG from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut Golar LNG from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $31.00 price objective (down previously from $32.00) on shares of Golar LNG in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $35.17.

Shares of Golar LNG Limited (NASDAQ:GLNG) opened at $29.12 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.41 and a quick ratio of 0.41. Golar LNG Limited has a one year low of $19.32 and a one year high of $29.68.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 14th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.69%. Golar LNG’s payout ratio is -10.26%.

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About Golar LNG

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

Institutional Ownership by Quarter for Golar LNG (NASDAQ:GLNG)

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