Toronto Dominion Bank Invests $1.19 Million in Golar LNG Limited (NASDAQ:GLNG)

Toronto Dominion Bank acquired a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,000 shares of the shipping company's stock, valued at approximately $1,185,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLNG. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Golar LNG in the fourth quarter valued at $107,000. Blue Trust Inc. lifted its holdings in shares of Golar LNG by 116.8% in the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock valued at $126,000 after purchasing an additional 1,603 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Golar LNG during the fourth quarter valued at approximately $141,000. Sterling Capital Management LLC grew its position in Golar LNG by 906.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock worth $147,000 after purchasing an additional 3,118 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Golar LNG during the 4th quarter worth $200,000. 92.21% of the stock is owned by institutional investors.

Golar LNG Stock Up 3.7%

Shares of GLNG stock traded up $1.38 during mid-day trading on Tuesday, reaching $39.11. 4,028,390 shares of the company's stock traded hands, compared to its average volume of 1,460,449. The company's 50-day moving average price is $38.01 and its 200-day moving average price is $39.07. Golar LNG Limited has a 12 month low of $25.33 and a 12 month high of $44.36. The company has a market cap of $4.09 billion, a P/E ratio of 279.38 and a beta of 0.62.

Golar LNG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's payout ratio is 208.33%.

Analyst Ratings Changes

GLNG has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Golar LNG to a "sell" rating in a research report on Thursday, March 20th. Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research report on Tuesday, April 22nd. Finally, Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Golar LNG has a consensus rating of "Buy" and an average price target of $49.70.

Golar LNG Company Profile

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.