American Century Companies Inc. Sells 47,675 Shares of Golar LNG Limited (NASDAQ:GLNG)

American Century Companies Inc. lessened its position in Golar LNG Limited (NASDAQ:GLNG) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,164,842 shares of the shipping company’s stock after selling 47,675 shares during the quarter. American Century Companies Inc.’s holdings in Golar LNG were worth $49,296,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Golar LNG in the 3rd quarter worth about $32,000. USA Financial Formulas purchased a new stake in shares of Golar LNG in the fourth quarter worth approximately $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Golar LNG during the 4th quarter worth approximately $107,000. Blue Trust Inc. boosted its holdings 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 during the period. Finally, J.Safra Asset Management Corp bought a new position in Golar LNG in the 4th quarter valued at $141,000. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GLNG. Stifel Nicolaus lifted their target price on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Fearnley Fonds upgraded shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Thursday, March 20th. Finally, DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Golar LNG has a consensus rating of “Moderate Buy” and a consensus price target of $50.13.

Golar LNG Price Performance

NASDAQ:GLNG opened at $39.72 on Thursday. Golar LNG Limited has a 1-year low of $23.47 and a 1-year high of $44.36. The company has a 50-day moving average of $38.75 and a 200 day moving average of $38.58. The firm has a market cap of $4.15 billion, a PE ratio of 283.73 and a beta of 0.78.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a $0.25 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.52%. Golar LNG’s payout ratio is presently 208.33%.

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.