Hosking Partners LLP Reduces Its Stake in Golar LNG Limited

Hosking Partners LLP has reduced its holdings in Golar LNG Limited (NASDAQ:GLNG) by 31.2% during the fourth quarter, as disclosed in its recent 13F filing with the Securities and Exchange Commission (SEC). After selling 195,910 shares, the institutional investor now owns 431,176 shares of the shipping company's stock, valued at approximately $18.25 million at the end of the last quarter.

Recent Hedge Fund Activities

A number of other hedge funds have also adjusted their positions in Golar LNG. For instance, Kingswood Wealth Advisors LLC increased its stake by 5.0% during the fourth quarter, acquiring an additional 500 shares to own a total of 10,500 shares. Blue Trust Inc. significantly boosted its stake by 105.1% in the third quarter, reaching 1,372 shares after purchasing 703 more shares. Similarly, the Public Employees Retirement System of Ohio entered a new position in Golar LNG, investing approximately $32,000. Merit Financial Group LLC also raised its position by 13.3% during the fourth quarter, now owning 7,363 shares valued at $312,000 after increasing its holdings by 866 shares. Lastly, BNP Paribas Financial Markets upped its stake by 5.4%, owning 26,694 shares valued at about $981,000. Overall, institutional investors currently own 92.21% of Golar LNG's stock.

Analysts' Ratings and Price Targets

Various research firms have recently provided updates on Golar LNG. StockNews.com downgraded the stock to a "sell" rating on December 9th, while Stifel Nicolaus increased its target price from $53.00 to $55.00, maintaining a "buy" rating. DNB Markets downgraded Golar LNG from a "buy" to a "hold" rating on February 19th, and Fearnley Fonds also lowered its rating from "strong-buy" to "hold". Currently, one analyst rates the stock as a sell, two give it a hold rating, and four analysts recommend buying it. MarketBeat reports that Golar LNG has a consensus rating of "Hold" with an average target price of $50.13.

Current Stock Performance

As of Friday, Golar LNG's shares opened at $38.34. The firm holds a market capitalization of $4.00 billion and has a PE ratio of 273.87, with a beta of 0.55. Its 50-day moving average is $41.25, while the 200-day moving average stands at $38.14. The stock's one-year low and high are $19.94 and $44.36, respectively.

Company Overview

Golar LNG Limited specializes in designing, converting, owning, and operating marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG (Floating Liquefaction Natural Gas), Corporate and Other, and Shipping. It is involved in the regasification, storage, and offloading of liquefied natural gas (LNG), and manages the operation of floating LNG vessels as well as the transportation of LNG carriers.

Conclusion

Golar LNG continues to be closely monitored by analysts and investors alike, reflecting shifting sentiments in the natural gas market and potential future developments.

Golar, Hedge, Investments