Hosking Partners LLP Has $18.25 Million Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Hosking Partners LLP decreased its stake in Golar LNG Limited (NASDAQ:GLNG) by 31.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,176 shares of the shipping company’s stock after selling 195,910 shares during the period. Hosking Partners LLP owned 0.41% of Golar LNG worth $18,247,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC raised its position in Golar LNG by 5.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company’s stock worth $444,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. lifted its stake in Golar LNG by 105.1% in the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 703 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Golar LNG during the third quarter worth about $32,000. Merit Financial Group LLC increased its position in Golar LNG by 13.3% during the fourth quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company’s stock worth $312,000 after buying an additional 866 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake 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 valued at $981,000 after buying an additional 1,360 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on GLNG. StockNews.com upgraded Golar LNG to a “sell” rating in a research note on Monday, December 9th. 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 report on Tuesday, December 24th. DNB Markets lowered Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Fearnley Fonds downgraded 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, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Golar LNG has a consensus rating of “Hold” and a consensus target price of $50.13.

Golar LNG Trading Down 0.3 %

Shares of Golar LNG stock opened at $38.34 on Friday. The firm has a market capitalization of $4.00 billion, a PE ratio of 273.87 and a beta of 0.55. The firm’s 50 day moving average is $41.25 and its 200 day moving average is $38.14. Golar LNG Limited has a 1 year low of $19.94 and a 1 year high of $44.36.

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.