California Public Employees Retirement System continued to hold its position in shares of GasLog LP. (NYSE:GLOG) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,500 shares of the shipping company’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned 0.08% of GasLog LP. worth $999,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in shares of GasLog LP. by 2.8% during the second quarter. Rhumbline Advisers now owns 50,145 shares of the shipping company’s stock worth $765,000 after purchasing an additional 1,350 shares during the last quarter. American International Group Inc. boosted its holdings in GasLog LP. by 7.1% in the first quarter. American International Group Inc. now owns 25,198 shares of the shipping company’s stock valued at $387,000 after acquiring an additional 1,670 shares during the last quarter. Teachers Advisors LLC boosted its holdings in GasLog LP. by 2.5% in the second quarter. Teachers Advisors LLC now owns 74,734 shares of the shipping company’s stock valued at $1,140,000 after acquiring an additional 1,793 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in GasLog LP. by 0.4% in the second quarter. Atlantic Trust Group LLC now owns 563,627 shares of the shipping company’s stock valued at $8,595,000 after acquiring an additional 2,163 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in GasLog LP. by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 142,056 shares of the shipping company’s stock valued at $2,165,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors own 49.69% of the company’s stock.
Several analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 target price on shares of GasLog LP. in a report on Friday, November 3rd. BidaskClub cut GasLog LP. from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Zacks Investment Research upgraded GasLog LP. from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 target price on shares of GasLog LP. in a report on Thursday, August 3rd. Finally, DNB Markets cut GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 target price on the stock. in a report on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. GasLog LP. presently has a consensus rating of “Buy” and a consensus target price of $18.98.
GasLog LP. (NYSE:GLOG) opened at $18.80 on Monday. GasLog LP. has a 12 month low of $12.75 and a 12 month high of $19.20. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $1,516.22, a P/E ratio of 376.00 and a beta of 1.26.
GasLog LP. (NYSE:GLOG) last issued its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. GasLog LP. had a return on equity of 0.19% and a net margin of 7.34%. The firm had revenue of $131.24 million for the quarter, compared to analyst estimates of $132.32 million. GasLog LP.’s revenue for the quarter was up 8.7% on a year-over-year basis. equities research analysts anticipate that GasLog LP. will post 0.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, November 10th. GasLog LP.’s dividend payout ratio (DPR) is presently 160.00%.
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About GasLog LP.
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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