BW LPG (NYSE:BWLP) Sets New 12-Month High – Here’s What Happened

Shares of BW LPG Limited (NYSE:BWLP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.48 and last traded at $25.0960, with a volume of 121402 shares. The stock had previously closed at $24.61.

Analyst Ratings Changes

Several brokerages have commented on BWLP. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Pareto Securities lowered shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen downgraded shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

BW LPG Stock Up 1.3%

The company’s 50 day moving average price is $20.62 and its two-hundred day moving average price is $19.19. 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 $3.77 billion, a P/E ratio of 10.49 and a beta of 0.99.

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 company 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were issued a $6.196 dividend. The ex-dividend date was Friday, June 12th. This represents a $24.78 annualized dividend and a dividend yield of 99.5%. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s dividend payout ratio (DPR) is currently 112.61%.

Hedge Funds Weigh In On BW LPG

Several institutional investors have recently made changes to their positions in BWLP. Royal Bank of Canada boosted its stake in shares of BW LPG by 4,137.5% during the first quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock valued at $255,000 after purchasing 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 worth $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 worth $100,000 after buying an additional 1,749 shares in the last quarter. Quantbot Technologies LP purchased a new stake in BW LPG during the second quarter worth $98,000. Finally, StoneX Group Inc. purchased a new stake in BW LPG during the second quarter worth $190,000.

BW LPG Company 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.