BW LPG (NYSE:BWLP) Shares Down 4.7% – What’s Next?

BW LPG Limited (NYSE:BWLP)’s stock price fell 4.7% on Wednesday . The company traded as low as $23.78 and last traded at $23.6350. Approximately 79,030 shares traded hands during trading, a decline of 81% from the average session volume of 412,036 shares. The stock had previously closed at $24.80.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Wall Street Zen lowered BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Pareto Securities cut BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Clarkson Capital raised BW LPG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BW LPG currently has a consensus rating of “Moderate Buy”.

BW LPG Stock Down 5.0%

The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 9.90 and a beta of 0.99. The business’s fifty day moving average is $20.73 and its two-hundred day moving average is $19.26.

BW LPG (NYSE:BWLP) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were issued a dividend of $6.196 per share. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, June 12th. This represents a $24.78 annualized dividend and a yield of 105.2%. BW LPG’s dividend payout ratio (DPR) is currently 112.61%.

Institutional Investors Weigh In On BW LPG

A number of hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in shares of BW LPG in the 1st quarter valued at approximately $9,646,000. Public Employees Retirement System of Ohio raised its holdings in shares of BW LPG by 133.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 98,433 shares of the company’s stock valued at $1,729,000 after purchasing an additional 56,347 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of BW LPG by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock worth $47,163,000 after purchasing an additional 35,066 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of BW LPG by 54.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 387,070 shares of the company’s stock worth $6,799,000 after purchasing an additional 136,000 shares during the last quarter. Finally, U S Global Investors Inc. grew its stake in shares of BW LPG by 191.6% during the first quarter. U S Global Investors Inc. now owns 49,708 shares of the company’s stock worth $880,000 after purchasing an additional 32,659 shares in 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.