Hosking Partners LLP Sells 195,910 Shares of Golar LNG Limited (NASDAQ:GLNG)

Hosking Partners LLP lessened its position in Golar LNG Limited (NASDAQ:GLNG) by 31.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 431,176 shares of the shipping company’s stock after selling 195,910 shares during the period. Hosking Partners LLP’s holdings in Golar LNG were worth $18,247,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its holdings in shares of Golar LNG by 5.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company’s stock valued at $444,000 after purchasing an additional 500 shares in the last quarter. Blue Trust Inc. raised 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 worth $50,000 after acquiring an additional 703 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Golar LNG in the third quarter worth about $32,000. Merit Financial Group LLC grew its position in shares of Golar LNG by 13.3% during the 4th quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company’s stock valued at $312,000 after acquiring an additional 866 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Golar LNG by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,694 shares of the shipping company’s stock worth $981,000 after purchasing an additional 1,360 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Performance

Shares of Golar LNG stock opened at $38.34 on Friday. The company’s 50 day moving average price is $41.25 and its 200-day moving average price is $38.14. Golar LNG Limited has a 52-week low of $19.94 and a 52-week high of $44.36. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 273.87 and a beta of 0.55.

Analysts Set New Price Targets

GLNG has been the subject of several research reports. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. Finally, DNB Markets lowered shares of Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.13.

About Golar LNG

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.