De Lisle Partners LLP Boosts Position in Golar LNG Limited (NASDAQ:GLNG)

De Lisle Partners LLP increased its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,390 shares of the shipping company’s stock after acquiring an additional 20,890 shares during the quarter. Golar LNG makes up about 1.5% of De Lisle Partners LLP’s portfolio, making the stock its 15th biggest holding. De Lisle Partners LLP owned approximately 0.24% of Golar LNG worth $9,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Golar LNG by 467.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock valued at $82,232,000 after purchasing an additional 1,843,100 shares during the last quarter. BNP Paribas Financial Markets grew its position in Golar LNG by 5.4% in the third quarter. BNP Paribas Financial Markets now owns 26,694 shares of the shipping company’s stock worth $981,000 after acquiring an additional 1,360 shares during the period. Quantbot Technologies LP acquired a new stake in Golar LNG during the third quarter worth $3,981,000. Intech Investment Management LLC purchased a new stake in Golar LNG in the third quarter valued at $1,165,000. Finally, Chesapeake Capital Corp IL lifted its stake in shares of Golar LNG by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 24,158 shares of the shipping company’s stock valued at $906,000 after purchasing an additional 5,271 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Stock Down 0.6 %

GLNG stock opened at $39.29 on Thursday. The stock has a market cap of $4.10 billion, a P/E ratio of 280.66 and a beta of 0.58. 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 Limited has a twelve month low of $19.94 and a twelve month high of $41.54. The company’s 50 day moving average is $37.13 and its two-hundred day moving average is $33.18.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 25th will be given a $0.25 dividend. The ex-dividend date is Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.55%. Golar LNG’s dividend payout ratio (DPR) is presently 714.34%.

Wall Street Analysts Forecast Growth

GLNG has been the topic of several research analyst reports. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report on Wednesday, November 13th. Stifel Nicolaus cut their price objective on Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. One investment 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.63.

Golar LNG 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.