Lake Hills Wealth Management LLC Cuts Position in Golar LNG Limited (NASDAQ:GLNG)

Lake Hills Wealth Management LLC lowered its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,607 shares of the shipping company’s stock after selling 391 shares during the quarter. Lake Hills Wealth Management LLC’s holdings in Golar LNG were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Golar LNG in the third quarter valued at about $32,000. Blue Trust Inc. grew its position in Golar LNG by 105.1% in the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 703 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Golar LNG during the third quarter valued at approximately $52,000. EverSource Wealth Advisors LLC lifted its position in shares of Golar LNG by 206.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after purchasing an additional 1,163 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Golar LNG by 830.9% in the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 1,479 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Stock Down 1.0 %

NASDAQ:GLNG opened at $41.20 on Thursday. The company has a market cap of $4.30 billion, a PE ratio of 294.31 and a beta of 0.59. The business’s 50 day moving average is $40.76 and its two-hundred day moving average is $36.99. Golar LNG Limited has a 52 week low of $19.94 and a 52 week high of $44.36.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 2.43%. Golar LNG’s payout ratio is 714.34%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus upped their target price on Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.13.

Golar LNG Company 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.