Encompass Capital Advisors Has Raised By $3.38 Million Its Golar Lng LTD Bermuda (GLNG) Position; Wells Fargo Advantage Multi-sector Income Fund Has 1.1 Sentiment

January 16, 2018 - By Adrian Mccoy

The stock increased 0.29% or $0.04 during the last trading session, reaching $13.12. About 253,050 shares traded or 39.06% up from the average. Wells Fargo Advantage Multi-Sector Income Fund (ERC) has risen 9.57% since January 16, 2017 and is uptrending. It has underperformed by 7.13% the S&P500.

Encompass Capital Advisors Llc increased Golar Lng Ltd Bermuda (GLNG) stake by 15.43% reported in 2017Q3 SEC filing. Encompass Capital Advisors Llc acquired 153,500 shares as Golar Lng Ltd Bermuda (GLNG)’s stock rose 4.44%. The Encompass Capital Advisors Llc holds 1.15 million shares with $25.97 million value, up from 994,889 last quarter. Golar Lng Ltd Bermuda now has $2.87B valuation. The stock decreased 4.59% or $1.365 during the last trading session, reaching $28.365. About 1.25 million shares traded. Golar LNG Limited (NASDAQ:GLNG) has risen 61.34% since January 16, 2017 and is uptrending. It has outperformed by 44.64% the S&P500.

Among 11 analysts covering Golar LNG Limited (NASDAQ:GLNG), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Golar LNG Limited had 27 analyst reports since August 18, 2015 according to SRatingsIntel. Nordea upgraded Golar LNG Limited (NASDAQ:GLNG) on Wednesday, June 1 to “Buy” rating. DNB Markets downgraded the stock to “Hold” rating in Friday, April 29 report. The stock of Golar LNG Limited (NASDAQ:GLNG) has “Buy” rating given on Friday, September 22 by Stifel Nicolaus. Cowen & Co maintained Golar LNG Limited (NASDAQ:GLNG) on Friday, June 23 with “Buy” rating. As per Friday, August 28, the company rating was upgraded by Stifel Nicolaus. Credit Suisse initiated the stock with “Neutral” rating in Friday, September 18 report. DNB Markets upgraded the shares of GLNG in report on Friday, July 1 to “Buy” rating. Citigroup maintained it with “Buy” rating and $26 target in Thursday, August 17 report. The stock of Golar LNG Limited (NASDAQ:GLNG) earned “Buy” rating by Stifel Nicolaus on Sunday, October 22. Cowen & Co maintained Golar LNG Limited (NASDAQ:GLNG) rating on Thursday, October 20. Cowen & Co has “Outperform” rating and $45 target.

Saba Capital Management L.P. holds 1.49% of its portfolio in Wells Fargo Advantage Multi-Sector Income Fund for 1.10 million shares. Shaker Financial Services Llc owns 133,250 shares or 0.95% of their US portfolio. Moreover, Selway Asset Management has 0.8% invested in the company for 103,115 shares. The Minnesota-based Sit Investment Associates Inc has invested 0.55% in the stock. Vident Investment Advisory Llc, a Georgia-based fund reported 474,596 shares.

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