Campbell & CO Investment Adviser LLC Decreases Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Campbell & CO Investment Adviser LLC lessened its holdings in Golar LNG Limited (NASDAQ:GLNGFree Report) by 51.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,986 shares of the shipping company’s stock after selling 21,589 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Golar LNG were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GLNG. Headlands Technologies LLC acquired a new stake in Golar LNG during the 4th quarter valued at $117,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Golar LNG by 26,805.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,112 shares of the shipping company’s stock valued at $118,000 after acquiring an additional 5,093 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in shares of Golar LNG during the fourth quarter worth about $133,000. Aigen Investment Management LP acquired a new position in shares of Golar LNG in the third quarter worth about $201,000. Finally, Kingswood Wealth Advisors LLC boosted its stake in shares of Golar LNG by 8.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,800 shares of the shipping company’s stock valued at $248,000 after buying an additional 800 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GLNG has been the topic of a number of recent analyst reports. BTIG Research upped their target price on shares of Golar LNG from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft upped their price objective on Golar LNG from $28.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, StockNews.com lowered Golar LNG from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.33.

Read Our Latest Stock Analysis on GLNG

Golar LNG Trading Down 0.7 %

Shares of NASDAQ GLNG opened at $26.55 on Monday. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 25.29 and a beta of 0.61. The stock’s 50 day simple moving average is $25.66 and its 200 day simple moving average is $23.40. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. Golar LNG Limited has a 12-month low of $19.62 and a 12-month high of $27.37.

Golar LNG Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, June 10th. Golar LNG’s dividend payout ratio (DPR) is 95.24%.

About Golar LNG

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Golar LNG (NASDAQ:GLNG)

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