Two Sigma Advisers LP Lowers Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Two Sigma Advisers LP lessened its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 29.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,151 shares of the shipping company’s stock after selling 130,700 shares during the quarter. Two Sigma Advisers LP’s holdings in Golar LNG were worth $11,695,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Banque Cantonale Vaudoise increased its stake in Golar LNG by 11.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock valued at $132,000 after buying an additional 417 shares during the period. Beck Capital Management LLC increased its stake in shares of Golar LNG by 0.7% during the second quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company’s stock worth $2,355,000 after acquiring an additional 558 shares during the period. Blue Trust Inc. raised its holdings in Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after purchasing an additional 703 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Golar LNG by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company’s stock valued at $1,115,000 after purchasing an additional 992 shares during the period. Finally, O Brien Greene & Co. Inc boosted its holdings in Golar LNG by 1.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 60,000 shares of the shipping company’s stock valued at $1,881,000 after purchasing an additional 1,000 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GLNG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus reduced their target price on Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, August 16th. 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 upgraded shares of Golar LNG to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Golar LNG currently has an average rating of “Moderate Buy” and a consensus target price of $49.63.

Golar LNG Trading Down 0.8 %

Shares of GLNG stock opened at $42.13 on Tuesday. The stock has a market cap of $4.40 billion, a P/E ratio of 300.95 and a beta of 0.60. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. Golar LNG Limited has a fifty-two week low of $19.94 and a fifty-two week high of $43.87. The business has a fifty day simple moving average of $37.97 and a 200-day simple moving average of $34.01.

Golar LNG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Monday, November 25th. Golar LNG’s payout ratio is currently 714.34%.

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.