Stock Traders Purchase Large Volume of Call Options on Teekay Lng Partners (TGP)

Teekay Lng Partners, L.P. (NYSE:TGP) was the recipient of unusually large options trading activity on Thursday. Investors acquired 2,717 call options on the stock. This is an increase of approximately 1,092% compared to the typical volume of 228 call options.

NYSE TGP opened at $14.47 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $1.14 billion, a P/E ratio of 14.47 and a beta of 1.52. Teekay Lng Partners has a 52 week low of $10.74 and a 52 week high of $19.45.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Friday, February 1st were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, January 31st. This represents a $0.56 annualized dividend and a dividend yield of 3.87%. Teekay Lng Partners’s dividend payout ratio (DPR) is presently 56.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Teekay Lng Partners by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,351,479 shares of the shipping company’s stock worth $55,970,000 after acquiring an additional 97,786 shares in the last quarter. Thornburg Investment Management Inc. raised its stake in shares of Teekay Lng Partners by 3.1% during the 4th quarter. Thornburg Investment Management Inc. now owns 3,193,023 shares of the shipping company’s stock worth $35,187,000 after acquiring an additional 96,136 shares in the last quarter. Royce & Associates LP raised its stake in shares of Teekay Lng Partners by 30.5% during the 4th quarter. Royce & Associates LP now owns 794,680 shares of the shipping company’s stock worth $8,757,000 after acquiring an additional 185,500 shares in the last quarter. Beach Investment Counsel Inc. PA raised its stake in shares of Teekay Lng Partners by 2,341.5% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 665,959 shares of the shipping company’s stock worth $8,564,000 after acquiring an additional 638,682 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Teekay Lng Partners by 69.2% during the 3rd quarter. Renaissance Technologies LLC now owns 352,500 shares of the shipping company’s stock worth $5,887,000 after acquiring an additional 144,200 shares in the last quarter. Hedge funds and other institutional investors own 30.41% of the company’s stock.

Several equities research analysts have recently weighed in on TGP shares. ValuEngine raised shares of Teekay Lng Partners from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of Teekay Lng Partners in a research report on Tuesday, November 20th. Wells Fargo & Co lowered their price target on shares of Teekay Lng Partners from $22.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, November 21st. Stifel Nicolaus raised shares of Teekay Lng Partners from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, November 28th. Finally, TheStreet raised shares of Teekay Lng Partners from a “d+” rating to a “c” rating in a research report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Teekay Lng Partners presently has an average rating of “Hold” and a consensus target price of $17.00.

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About Teekay Lng Partners

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through two segments, Liquefied Gas and Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.

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