State of Wyoming Has $208,000 Stake in Dorian LPG Ltd. $LPG

State of Wyoming lowered its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 71.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,071 shares of the shipping company’s stock after selling 15,423 shares during the period. State of Wyoming’s holdings in Dorian LPG were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Dorian LPG by 14.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock valued at $89,000 after buying an additional 318 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Dorian LPG by 2.1% during the fourth quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock worth $433,000 after buying an additional 365 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Dorian LPG by 0.8% in the fourth quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after acquiring an additional 373 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Dorian LPG by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 390 shares during the period. Finally, CoreCap Advisors LLC grew its stake in shares of Dorian LPG by 18.7% in the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock valued at $80,000 after acquiring an additional 514 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Price Performance

Dorian LPG stock opened at $46.27 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67. Dorian LPG Ltd. has a 52 week low of $23.76 and a 52 week high of $48.12. The stock has a market capitalization of $1.98 billion, a P/E ratio of 10.17 and a beta of 0.66. The stock has a fifty day moving average of $41.32 and a 200-day moving average of $36.82.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Tuesday, May 19th. The shipping company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.48. The business had revenue of $153.27 million for the quarter, compared to analyst estimates of $128.87 million. Dorian LPG had a return on equity of 18.01% and a net margin of 40.22%.Dorian LPG’s revenue was up 102.0% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share.

Dorian LPG Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, August 12th. Investors of record on Monday, July 27th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, July 27th.

Insider Buying and Selling

In related news, insider Tim Truels Hansen sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total value of $707,600.00. Following the completion of the transaction, the insider owned 157,842 shares of the company’s stock, valued at $5,584,449.96. This represents a 11.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ted Kalborg sold 15,373 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $45.06, for a total transaction of $692,707.38. Following the completion of the sale, the director owned 66,348 shares in the company, valued at $2,989,640.88. This represents a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 13.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LPG has been the topic of a number of recent research reports. Freedom Capital lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Jefferies Financial Group increased their target price on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, Weiss Ratings upgraded shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dorian LPG presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Dorian LPG Company Profile

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.