BW LPG Limited (NYSE:BWLP – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $20.53, but opened at $19.68. BW LPG shares last traded at $19.5030, with a volume of 185,609 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on BWLP shares. Weiss Ratings reissued a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen raised BW LPG from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Finally, Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, BW LPG has an average rating of “Moderate Buy”.
View Our Latest Stock Report on BW LPG
BW LPG Stock Down 5.1%
BW LPG (NYSE:BWLP – Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. BW LPG had a net margin of 6.76% and a return on equity of 12.61%. The business had revenue of $732.40 million during the quarter, compared to the consensus estimate of $217.18 million.
BW LPG Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were given a $0.5652 dividend. This is an increase from BW LPG’s previous quarterly dividend of $0.40. This represents a $2.26 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend was Friday, March 13th. BW LPG’s payout ratio is presently 142.50%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in BW LPG by 0.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 251,070 shares of the company’s stock worth $3,295,000 after buying an additional 677 shares during the last quarter. Glenorchy Capital Ltd increased its position in BW LPG by 1.5% in the fourth quarter. Glenorchy Capital Ltd now owns 49,850 shares of the company’s stock worth $653,000 after buying an additional 722 shares during the last quarter. Quantbot Technologies LP increased its position in BW LPG by 10.1% in the third quarter. Quantbot Technologies LP now owns 9,119 shares of the company’s stock worth $130,000 after buying an additional 837 shares during the last quarter. Invesco Ltd. increased its position in BW LPG by 4.3% in the fourth quarter. Invesco Ltd. now owns 26,172 shares of the company’s stock worth $343,000 after buying an additional 1,076 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in BW LPG by 24.6% in the second quarter. Osaic Holdings Inc. now owns 7,086 shares of the company’s stock worth $84,000 after buying an additional 1,400 shares during the last quarter.
BW LPG Company Profile
BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.
Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.
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