KBC Group NV lowered its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 25.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,029 shares of the shipping company’s stock after selling 14,587 shares during the quarter. KBC Group NV’s holdings in Golar LNG were worth $973,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Golar LNG by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 213,180 shares of the shipping company’s stock valued at $5,954,000 after acquiring an additional 4,739 shares in the last quarter. Sei Investments Co. raised its stake in Golar LNG by 19.3% during the 2nd 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 in the last quarter. SG Americas Securities LLC raised its stake in Golar LNG by 180.6% during the 2nd quarter. SG Americas Securities LLC now owns 35,069 shares of the shipping company’s stock valued at $780,000 after acquiring an additional 22,573 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Golar LNG by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 345,115 shares of the shipping company’s stock valued at $7,679,000 after acquiring an additional 6,036 shares in the last quarter. Finally, Boston Family Office LLC raised its stake in Golar LNG by 0.9% during the 2nd quarter. Boston Family Office LLC now owns 187,849 shares of the shipping company’s stock valued at $4,180,000 after acquiring an additional 1,683 shares in the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.

Shares of Golar LNG Limited (NASDAQ:GLNG) opened at $26.50 on Friday. Golar LNG Limited has a 12 month low of $19.32 and a 12 month high of $29.18. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.41.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, December 13th. Golar LNG’s dividend payout ratio is presently -10.75%.

Several analysts have weighed in on the company. BidaskClub raised Golar LNG from a “buy” rating to a “strong-buy” rating in a research note on Friday. Cowen boosted their price objective on Golar LNG from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday. Zacks Investment Research raised Golar LNG from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. ABN Amro raised Golar LNG from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. Finally, ValuEngine downgraded Golar LNG from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $34.40.

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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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