Golar LNG Limited (NASDAQ:GLNG) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise trimmed its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 51.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,020 shares of the shipping company’s stock after selling 2,165 shares during the period. Banque Cantonale Vaudoise’s holdings in Golar LNG were worth $74,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GLNG. American Century Companies Inc. increased its stake in Golar LNG by 53.7% during the 2nd quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company’s stock worth $54,319,000 after buying an additional 605,499 shares during the period. Vanguard Group Inc. grew its stake in shares of Golar LNG by 74.4% in the first quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company’s stock worth $24,436,000 after acquiring an additional 433,299 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Golar LNG during the second quarter worth $10,554,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Golar LNG in the second quarter valued at $5,805,000. Finally, Renaissance Technologies LLC boosted its holdings in Golar LNG by 115.3% in the second quarter. Renaissance Technologies LLC now owns 305,992 shares of the shipping company’s stock valued at $9,593,000 after purchasing an additional 163,900 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Price Performance

GLNG stock opened at $36.92 on Friday. The business has a 50 day simple moving average of $36.69 and a 200-day simple moving average of $32.83. The company has a market capitalization of $3.85 billion, a P/E ratio of 263.73 and a beta of 0.58. Golar LNG Limited has a twelve month low of $19.94 and a twelve month high of $39.40. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 25th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.71%. The ex-dividend date is Monday, November 25th. Golar LNG’s payout ratio is currently 714.34%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GLNG shares. Stifel Nicolaus cut their price target on Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, August 16th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Wednesday, November 13th. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.63.

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.