Capital International Inc. CA trimmed its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 14.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,700 shares of the shipping company’s stock after selling 11,200 shares during the period. Capital International Inc. CA owned about 0.07% of Golar LNG worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP raised its holdings in shares of 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 acquiring an additional 2,589 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Golar LNG by 19.3% during the second quarter. Sei Investments Co. now owns 6,511 shares of the shipping company’s stock worth $145,000 after acquiring an additional 1,054 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Golar LNG by 104.0% during the second quarter. PNC Financial Services Group Inc. now owns 7,552 shares of the shipping company’s stock worth $168,000 after acquiring an additional 3,850 shares in the last quarter. Seven Eight Capital LP raised its holdings in shares of Golar LNG by 745.6% during the second quarter. Seven Eight Capital LP now owns 8,870 shares of the shipping company’s stock worth $197,000 after acquiring an additional 7,821 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Golar LNG by 10.3% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 9,600 shares of the shipping company’s stock worth $214,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.

Golar LNG Limited (GLNG) opened at $25.17 on Friday. Golar LNG Limited has a 1-year low of $19.32 and a 1-year high of $29.18. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.77.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.20 annualized dividend and a yield of 0.79%. Golar LNG’s dividend payout ratio (DPR) is currently -10.75%.

GLNG has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $31.00 price objective (down from $32.00) on shares of Golar LNG in a report on Friday, September 1st. Cowen reiterated an “outperform” rating and set a $45.00 price objective on shares of Golar LNG in a report on Thursday, August 31st. ValuEngine lowered Golar LNG from a “hold” rating to a “sell” rating in a report on Friday, September 1st. ABN Amro upgraded Golar LNG from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Finally, Zacks Investment Research lowered Golar LNG from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Golar LNG currently has a consensus rating of “Hold” and a consensus target price of $34.60.

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Golar LNG Profile

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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