Wall Street Zen upgraded shares of BW LPG (NYSE:BWLP – Free Report) from a buy rating to a strong-buy rating in a report published on Monday.
BWLP has been the topic of a number of other reports. Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Pareto Securities lowered shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 15th. Finally, Dnb Carnegie raised shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on BW LPG
BW LPG Trading Down 0.7%
BW LPG (NYSE:BWLP – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $1.08 earnings per share (EPS) for the quarter. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.The firm had revenue of $838.89 million for the quarter.
BW LPG Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th were issued a dividend of $6.196 per share. This is a boost from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, June 12th. This represents a $24.78 dividend on an annualized basis and a dividend yield of 116.1%. BW LPG’s dividend payout ratio (DPR) is presently 112.61%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in BW LPG by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock worth $47,163,000 after acquiring an additional 35,066 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of BW LPG by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 2,530,196 shares of the company’s stock valued at $36,131,000 after purchasing an additional 272,882 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of BW LPG by 8.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,760 shares of the company’s stock valued at $16,413,000 after purchasing an additional 113,275 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of BW LPG by 41.4% during the second quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock valued at $6,613,000 after purchasing an additional 164,057 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of BW LPG in the 1st quarter worth approximately $9,646,000.
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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