J.Safra Asset Management Corp Buys New Shares in Golar LNG Limited (NASDAQ:GLNG)

J.Safra Asset Management Corp purchased a new position in shares of Golar LNG Limited (NASDAQ:GLNG) in the fourth quarter, Holdings Channel reports. The fund purchased 3,353 shares of the shipping company’s stock, valued at approximately $141,000.

Several other institutional investors have also recently made changes to their positions in GLNG. Public Employees Retirement System of Ohio acquired a new position in shares of Golar LNG in the 3rd quarter valued at $32,000. USA Financial Formulas acquired a new position in Golar LNG during the fourth quarter worth about $61,000. Blue Trust Inc. grew its position in shares of Golar LNG by 116.8% in the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock valued at $126,000 after purchasing an additional 1,603 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in Golar LNG during the fourth quarter worth $200,000. Finally, Metis Global Partners LLC purchased a new stake in shares of Golar LNG in the third quarter valued at about $201,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Trading Down 0.9 %

NASDAQ GLNG opened at $35.72 on Thursday. The business’s 50 day moving average is $40.75 and its two-hundred day moving average is $38.27. Golar LNG Limited has a 12-month low of $20.96 and a 12-month high of $44.36. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 255.16 and a beta of 0.55.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.80%. Golar LNG’s dividend payout ratio is presently 208.33%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GLNG shares. Stifel Nicolaus increased their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised Golar LNG to a “sell” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Golar LNG currently has an average rating of “Hold” and a consensus 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.