A number of other equities research analysts also recently issued reports on GLOG. ValuEngine downgraded GasLog from a buy rating to a hold rating in a research report on Friday, July 20th. Morgan Stanley raised GasLog from an equal weight rating to an overweight rating and increased their price target for the stock from $20.00 to $22.00 in a research report on Thursday, August 9th. DNB Markets raised GasLog from a hold rating to a buy rating and set a $17.80 price target on the stock in a research report on Wednesday, September 5th. Berenberg Bank started coverage on GasLog in a research report on Thursday, September 6th. They set a buy rating and a $22.00 price target on the stock. Finally, Zacks Investment Research raised GasLog from a hold rating to a buy rating and set a $22.00 price target on the stock in a research report on Wednesday, October 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $22.28.
GasLog stock opened at $20.12 on Friday. The company has a market capitalization of $1.68 billion, a PE ratio of 2,077.00 and a beta of 1.01. GasLog has a 12 month low of $15.75 and a 12 month high of $23.14. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.15 and a current ratio of 1.17.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, November 8th.
Several institutional investors and hedge funds have recently modified their holdings of GLOG. FMR LLC boosted its stake in GasLog by 2.7% during the 2nd quarter. FMR LLC now owns 6,349,195 shares of the shipping company’s stock valued at $121,270,000 after purchasing an additional 165,298 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of GasLog by 20.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 92,849 shares of the shipping company’s stock worth $1,773,000 after purchasing an additional 15,571 shares during the period. SG Americas Securities LLC bought a new stake in shares of GasLog in the 2nd quarter worth approximately $115,000. Marshall Wace LLP bought a new stake in shares of GasLog in the 2nd quarter worth approximately $4,349,000. Finally, BlackRock Inc. raised its holdings in GasLog by 5.1% during the 2nd quarter. BlackRock Inc. now owns 1,986,902 shares of the shipping company’s stock valued at $37,950,000 after acquiring an additional 96,756 shares during the period. Institutional investors own 45.42% of the company’s stock.
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.
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