Westmount Partners LLC Sells 1,999 Shares of Golar LNG Limited (NASDAQ:GLNG)

Westmount Partners LLC reduced its holdings in Golar LNG Limited (NASDAQ:GLNG) by 22.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,062 shares of the shipping company’s stock after selling 1,999 shares during the period. Westmount Partners LLC’s holdings in Golar LNG were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GLNG. Public Employees Retirement System of Ohio purchased a new stake in shares of Golar LNG in the 3rd quarter worth approximately $32,000. Blue Trust Inc. increased its stake in shares of 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. Sound Income Strategies LLC acquired a new stake in Golar LNG during the third quarter valued at $52,000. EverSource Wealth Advisors LLC grew its position in Golar LNG by 206.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock valued at $54,000 after buying an additional 1,163 shares during the period. Finally, CWM LLC lifted its holdings in Golar LNG by 830.9% during 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 in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on GLNG. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note 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. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.13.

Golar LNG Stock Down 0.5 %

Shares of GLNG stock traded down $0.21 during trading on Monday, reaching $41.17. The company’s stock had a trading volume of 557,509 shares, compared to its average volume of 1,200,513. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 1.28. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 294.09 and a beta of 0.59. The stock’s 50-day moving average price is $40.15 and its 200 day moving average price is $36.49. Golar LNG Limited has a 1-year low of $19.94 and a 1-year high of $44.36.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Monday, November 25th. Golar LNG’s dividend payout ratio (DPR) is presently 714.29%.

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.