Savant Capital LLC Invests $270,000 in Golar LNG Limited (NASDAQ:GLNG)

Savant Capital LLC bought a new position in Golar LNG Limited (NASDAQ:GLNG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,388 shares of the shipping company’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its holdings in shares of Golar LNG by 5.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company’s stock worth $444,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. grew its holdings 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 purchasing an additional 703 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Golar LNG in the third quarter worth approximately $32,000. Merit Financial Group LLC boosted its holdings in Golar LNG by 13.3% in the fourth quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company’s stock valued at $312,000 after acquiring an additional 866 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings 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 acquiring an additional 1,360 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their price target on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report on Monday, December 9th. 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 company’s stock. According to data from MarketBeat.com, Golar LNG has a consensus rating of “Moderate Buy” and an average price target of $50.13.

Golar LNG Trading Up 0.3 %

Shares of GLNG stock opened at $40.81 on Wednesday. Golar LNG Limited has a 12 month low of $19.94 and a 12 month high of $44.36. The stock has a market cap of $4.26 billion, a PE ratio of 291.52 and a beta of 0.55. The company’s fifty day moving average price is $41.68 and its 200-day moving average price is $37.81.

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.