7,317 Shares in Golar LNG Limited (NASDAQ:GLNG) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Golar LNG Limited (NASDAQ:GLNG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,317 shares of the shipping company’s stock, valued at approximately $310,000.

A number of other hedge funds have also added to or reduced their stakes in GLNG. USA Financial Formulas bought a new position in shares of Golar LNG in the fourth quarter valued at approximately $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Golar LNG during the 4th quarter valued at $107,000. Blue Trust Inc. lifted its stake in Golar LNG by 116.8% during the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock valued at $126,000 after acquiring an additional 1,603 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Golar LNG during the 4th quarter worth $141,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Golar LNG in the 4th quarter worth $200,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Stock Down 1.3 %

Shares of GLNG stock opened at $37.87 on Friday. The firm has a market cap of $3.96 billion, a P/E ratio of 270.52 and a beta of 0.62. The company has a 50 day moving average of $36.93 and a 200-day moving average of $38.93. Golar LNG Limited has a 12-month low of $25.33 and a 12-month high of $44.36.

Golar LNG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Tuesday, March 11th. Golar LNG’s dividend payout ratio is currently 208.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GLNG shares. Fearnley Fonds raised shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Thursday, March 20th. Dnb Nor Markets raised Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Finally, DNB Markets upgraded Golar LNG from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $49.70.

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.