Vanguard Group Inc. Buys 35,066 Shares of BW LPG Limited $BWLP

Vanguard Group Inc. grew its holdings in BW LPG Limited (NYSE:BWLP) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,621,504 shares of the company’s stock after purchasing an additional 35,066 shares during the quarter. Vanguard Group Inc. owned approximately 2.75% of BW LPG worth $47,163,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BWLP. Advisory Services Network LLC bought a new stake in shares of BW LPG in the 3rd quarter valued at about $36,000. Raymond James Financial Inc. purchased a new position in shares of BW LPG in the 2nd quarter worth approximately $47,000. BNP Paribas Financial Markets purchased a new position in shares of BW LPG in the 3rd quarter worth approximately $62,000. Optiver Holding B.V. grew its position in shares of BW LPG by 99.3% in the 3rd quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock worth $65,000 after buying an additional 2,263 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of BW LPG by 24.6% in the 2nd 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 Stock Performance

Shares of NYSE BWLP opened at $21.05 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42. BW LPG Limited has a 12 month low of $10.16 and a 12 month high of $21.06. The company has a 50 day simple moving average of $17.82 and a two-hundred day simple moving average of $15.42. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 13.16 and a beta of 1.32.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.69 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $217.18 million.

BW LPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 13th were paid a $0.5652 dividend. The ex-dividend date was Friday, March 13th. This represents a $2.26 annualized dividend and a dividend yield of 10.7%. This is an increase from BW LPG’s previous quarterly dividend of $0.40. BW LPG’s dividend payout ratio (DPR) is presently 142.50%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a research report on Wednesday, January 21st. Wall Street Zen raised shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Finally, Dnb Carnegie downgraded shares of BW LPG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BW LPG currently has an average rating of “Hold”.

BW LPG 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.