BW LPG Limited (NYSE:BWLP) Given Average Rating of “Hold” by Brokerages

Shares of BW LPG Limited (NYSE:BWLP) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

BWLP has been the topic of several analyst reports. Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Wall Street Zen cut BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Pareto Securities cut BW LPG to a “hold” rating in a research note on Tuesday. Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of BW LPG in a research note on Friday, May 22nd.

BW LPG Stock Down 4.6%

Shares of NYSE BWLP opened at $20.54 on Tuesday. The stock has a market cap of $3.11 billion, a P/E ratio of 8.63 and a beta of 1.09. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. BW LPG has a 12-month low of $11.58 and a 12-month high of $22.92. The business’s fifty day simple moving average is $19.87 and its 200-day simple moving average is $16.63.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share (EPS) for the quarter. The business had revenue of $838.89 million for the quarter. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th will be paid a $6.196 dividend. This is a boost from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 dividend on an annualized basis and a yield of 120.7%. The ex-dividend date is Friday, June 12th. BW LPG’s payout ratio is 112.61%.

Institutional Trading of BW LPG

A number of hedge funds and other institutional investors have recently bought and sold shares of BWLP. Royal Bank of Canada raised its stake in BW LPG by 4,137.5% in the first quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock valued at $255,000 after buying an additional 22,922 shares in the last quarter. Jane Street Group LLC raised its stake in BW LPG by 14.0% in the first quarter. Jane Street Group LLC now owns 51,463 shares of the company’s stock valued at $558,000 after buying an additional 6,331 shares in the last quarter. JPMorgan Chase & Co. raised its stake in BW LPG by 26.2% in the second quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company’s stock valued at $100,000 after buying an additional 1,749 shares in the last quarter. Quantbot Technologies LP acquired a new stake in BW LPG in the second quarter valued at $98,000. Finally, StoneX Group Inc. purchased a new position in shares of BW LPG during the second quarter worth about $190,000.

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.