Theodore Young Sells 5,000 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $54.01, for a total value of $270,050.00. Following the transaction, the chief financial officer directly owned 119,713 shares in the company, valued at $6,465,699.13. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dorian LPG Trading Up 1.3%

Shares of Dorian LPG stock opened at $54.35 on Friday. The stock has a market cap of $2.33 billion, a P/E ratio of 7.20 and a beta of 0.61. The company has a quick ratio of 3.24, a current ratio of 3.26 and a debt-to-equity ratio of 0.28. Dorian LPG Ltd. has a 12-month low of $23.76 and a 12-month high of $55.28. The business’s 50 day moving average is $46.21 and its 200-day moving average is $40.73.

Dorian LPG (NYSE:LPG) last released its earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.40. The business had revenue of $187.88 million during the quarter, compared to analysts’ expectations of $160.78 million. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The firm’s revenue was up 123.1% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share.

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 27th.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LPG shares. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Jefferies Financial Group boosted their target price on Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Finally, Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $55.00.

Hedge Funds Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Dorian LPG by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock worth $87,199,000 after purchasing an additional 73,754 shares during the last quarter. Vanguard Group Inc. boosted its stake in Dorian LPG by 12.4% in the 4th quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock valued at $45,635,000 after purchasing an additional 207,575 shares during the period. California State Teachers Retirement System grew its holdings in Dorian LPG by 3,299.8% in the 2nd quarter. California State Teachers Retirement System now owns 1,765,641 shares of the shipping company’s stock valued at $61,409,000 after buying an additional 1,713,708 shares in the last quarter. Geode Capital Management LLC grew its holdings in Dorian LPG by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,116,702 shares of the shipping company’s stock valued at $27,184,000 after buying an additional 10,480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Dorian LPG by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,899 shares of the shipping company’s stock worth $16,524,000 after buying an additional 23,974 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

About Dorian LPG

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.