Public Employees Retirement System of Ohio grew its stake in shares of BW LPG Limited (NYSE:BWLP – Free Report) by 133.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,433 shares of the company’s stock after acquiring an additional 56,347 shares during the period. Public Employees Retirement System of Ohio’s holdings in BW LPG were worth $1,729,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in BW LPG by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock valued at $47,163,000 after purchasing an additional 35,066 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of BW LPG in the 1st quarter valued at $9,646,000. JPMorgan Chase & Co. grew its position in BW LPG by 506.7% in the third quarter. JPMorgan Chase & Co. now owns 51,171 shares of the company’s stock valued at $731,000 after acquiring an additional 42,736 shares during the last quarter. U S Global Investors Inc. grew its holdings in shares of BW LPG by 191.6% during the 1st quarter. U S Global Investors Inc. now owns 49,708 shares of the company’s stock valued at $880,000 after purchasing an additional 32,659 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of BW LPG by 14.9% during the fourth quarter. UBS Group AG now owns 299,497 shares of the company’s stock worth $3,923,000 after buying an additional 38,850 shares in the last quarter.
BW LPG Stock Down 0.2%
BWLP stock opened at $22.52 on Monday. The stock’s fifty day simple moving average is $20.09 and its two-hundred day simple moving average is $18.32. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market cap of $3.41 billion, a P/E ratio of 9.46 and a beta of 0.98. BW LPG Limited has a 1-year low of $11.72 and a 1-year high of $22.92.
BW LPG Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were issued a $6.196 dividend. This is an increase from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, June 12th. This represents a $24.78 annualized dividend and a yield of 110.1%. BW LPG’s payout ratio is 112.61%.
Analyst Ratings Changes
A number of brokerages recently issued reports on BWLP. Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Pareto Securities downgraded 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 report on Wednesday, July 15th. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised shares of BW LPG from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on BW LPG
About BW LPG
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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