28,000 Shares in Golar LNG Limited (NASDAQ:GLNG) Bought by Toronto Dominion Bank

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

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on GLNG. DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Tuesday, April 22nd. BTIG Research reiterated a "buy" rating on shares of Golar LNG in a research report on Wednesday. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Wall Street Zen upgraded shares of Golar LNG to a "sell" rating in a research report on Thursday, March 20th. Finally, Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $49.70.

Golar LNG Trading Up 1.1%

Shares of GLNG traded up $0.45 during mid-day trading on Thursday, reaching $41.96. The company had a trading volume of 498,455 shares, compared to its average volume of 1,458,212. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 299.74 and a beta of 0.62. The firm has a fifty day simple moving average of $38.10 and a 200-day simple moving average of $39.09. Golar LNG Limited has a fifty-two week low of $25.33 and a fifty-two week high of $44.36.

Golar LNG (NASDAQ:GLNG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The shipping company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.09. Golar LNG had a net margin of 4.92% and a return on equity of 9.12%. The company had revenue of $63.00 million for the quarter, compared to analyst estimates of $64.90 million. As a group, equities analysts predict that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Tuesday, June 3rd. Golar LNG's dividend 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.