Rhumbline Advisers Buys 3,115 Shares of Golar LNG Limited (NASDAQ:GLNG)

Rhumbline Advisers raised its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,808 shares of the shipping company’s stock after buying an additional 3,115 shares during the quarter. Rhumbline Advisers’ holdings in Golar LNG were worth $6,721,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GLNG. Blue Trust Inc. increased its holdings in shares of Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 703 shares in the last quarter. Lindbrook Capital LLC grew its position in Golar LNG by 103.7% during the 3rd quarter. Lindbrook Capital LLC now owns 12,520 shares of the shipping company’s stock valued at $460,000 after purchasing an additional 6,374 shares during the last quarter. Metis Global Partners LLC bought a new stake in Golar LNG during the 3rd quarter valued at about $201,000. Royce & Associates LP raised its holdings in Golar LNG by 102.5% in the third quarter. Royce & Associates LP now owns 81,000 shares of the shipping company’s stock worth $2,978,000 after buying an additional 41,000 shares during the last quarter. Finally, Chesapeake Capital Corp IL raised its holdings in Golar LNG by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 24,158 shares of the shipping company’s stock worth $906,000 after buying an additional 5,271 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Golar LNG Trading Up 0.5 %

NASDAQ:GLNG opened at $38.45 on Thursday. The company has a 50 day simple moving average of $41.30 and a two-hundred day simple moving average of $38.14. The company has a market cap of $4.01 billion, a PE ratio of 274.66 and a beta of 0.55. Golar LNG Limited has a 12 month low of $19.94 and a 12 month high of $44.36.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Fearnley Fonds downgraded Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com upgraded Golar LNG to a “sell” rating in a research note on Monday, December 9th. Finally, DNB Markets cut Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.13.

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.