BW LPG Limited (NYSE:BWLP – Get Free Report) shares fell 4.7% during mid-day trading on Wednesday . The stock traded as low as $23.78 and last traded at $23.6350. Approximately 79,030 shares changed hands during trading, a decline of 81% from the average daily volume of 412,036 shares. The stock had previously closed at $24.80.
Analysts Set New Price Targets
BWLP has been the subject of several research reports. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Clarkson Capital upgraded BW LPG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 20th. Wall Street Zen downgraded BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 15th. Finally, Pareto Securities lowered BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Report on BWLP
BW LPG Stock Performance
BW LPG (NYSE:BWLP – Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share for the quarter. The firm had revenue of $838.89 million for the quarter. BW LPG had a net margin of 10.13% and a return on equity of 18.51%.
BW LPG Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were given a dividend of $6.196 per share. This represents a $24.78 annualized dividend and a yield of 101.2%. The ex-dividend date was Friday, June 12th. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s payout ratio is presently 112.61%.
Institutional Trading of BW LPG
Several hedge funds and other institutional investors have recently made changes to their positions in BWLP. Arrowstreet Capital Limited Partnership acquired a new stake in BW LPG in the first quarter valued at $9,646,000. Public Employees Retirement System of Ohio raised its stake in shares of BW LPG by 133.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 98,433 shares of the company’s stock worth $1,729,000 after buying an additional 56,347 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of BW LPG in the 2nd quarter worth about $1,467,000. Vanguard Group Inc. grew its stake 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 acquiring an additional 35,066 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in BW LPG by 54.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 387,070 shares of the company’s stock valued at $6,799,000 after acquiring an additional 136,000 shares during the last quarter.
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.
Read More
- Five stocks we like better than BW LPG
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for BW LPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BW LPG and related companies with MarketBeat.com's FREE daily email newsletter.
