Quantbot Technologies LP Has $1.13 Million Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Quantbot Technologies LP trimmed its position in Golar LNG Limited (NASDAQ:GLNG) by 75.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,721 shares of the shipping company’s stock after selling 81,564 shares during the quarter. Quantbot Technologies LP’s holdings in Golar LNG were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GLNG. Healthcare of Ontario Pension Plan Trust Fund increased its position in Golar LNG by 467.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock worth $82,232,000 after buying an additional 1,843,100 shares during the period. Clearline Capital LP bought a new position in Golar LNG during the third quarter worth $36,865,000. Brookfield Corp ON raised its stake in Golar LNG by 180.8% during the 3rd quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company’s stock valued at $31,244,000 after purchasing an additional 547,253 shares during the last quarter. Appian Way Asset Management LP acquired a new position in Golar LNG during the 3rd quarter valued at $15,351,000. Finally, Luxor Capital Group LP acquired a new stake in Golar LNG in the 3rd quarter worth $10,286,000. 92.21% of the stock is owned by institutional investors.

Golar LNG Trading Down 0.8 %

GLNG stock opened at $40.35 on Wednesday. The firm has a market cap of $4.21 billion, a P/E ratio of 288.23 and a beta of 0.78. Golar LNG Limited has a 1-year low of $23.45 and a 1-year high of $44.36. The business’s 50 day moving average is $38.80 and its 200-day moving average is $38.58.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 2.48%. Golar LNG’s dividend payout ratio is currently 208.33%.

Analyst Ratings Changes

A number of brokerages have recently commented on GLNG. DNB Markets lowered shares of Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Fearnley Fonds upgraded Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com upgraded Golar LNG to a “sell” rating in a research report on Thursday, March 20th. Finally, Stifel Nicolaus lifted their price target on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Golar LNG has an average rating of “Moderate Buy” and an average price target of $50.13.

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.