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

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

Other large investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Golar LNG during the fourth quarter worth approximately $107,000. Blue Trust Inc. increased its stake in Golar LNG by 116.8% during the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock worth $126,000 after acquiring an additional 1,603 shares during the period. J.Safra Asset Management Corp bought a new position in Golar LNG during the 4th quarter worth $141,000. Sterling Capital Management LLC raised its holdings 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 valued at $147,000 after acquiring 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 valued at $200,000. Institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Up 0.7%

Shares of GLNG stock opened at $37.73 on Friday. Golar LNG Limited has a twelve month low of $25.33 and a twelve month high of $44.36. The company has a market cap of $3.94 billion, a P/E ratio of 269.52 and a beta of 0.62. The business has a fifty day simple moving average of $37.95 and a 200 day simple moving average of $39.06.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. Golar LNG’s dividend payout ratio is currently 208.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Dnb Nor Markets raised Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Fearnley Fonds raised Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. DNB Markets raised Golar LNG from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised Golar LNG to a “sell” rating in a report on Thursday, March 20th. One equities 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $49.70.

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.