UBS Group AG Raises Position in BW LPG Limited $BWLP

UBS Group AG increased its stake in shares of BW LPG Limited (NYSE:BWLP) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299,497 shares of the company’s stock after buying an additional 38,850 shares during the period. UBS Group AG owned about 0.23% of BW LPG worth $3,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BWLP. Ameriprise Financial Inc. boosted its holdings in BW LPG by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock worth $26,704,000 after buying an additional 579,987 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of BW LPG by 41.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock worth $6,613,000 after acquiring an additional 164,057 shares in the last quarter. Barclays PLC boosted its stake in shares of BW LPG by 644.2% during the 3rd quarter. Barclays PLC now owns 189,231 shares of the company’s stock worth $2,702,000 after acquiring an additional 163,803 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of BW LPG by 357.0% during the 3rd quarter. Lazard Asset Management LLC now owns 174,289 shares of the company’s stock worth $2,490,000 after acquiring an additional 136,154 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of BW LPG by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,586,438 shares of the company’s stock worth $51,562,000 after acquiring an additional 114,090 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on BWLP shares. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen raised BW LPG from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

BW LPG Stock Down 1.3%

Shares of NYSE BWLP opened at $22.01 on Friday. BW LPG Limited has a 12-month low of $10.16 and a 12-month high of $22.92. The company has a market capitalization of $3.33 billion, a PE ratio of 13.76 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.24. The firm’s 50-day moving average is $18.33 and its two-hundred day moving average is $15.73.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. BW LPG had a net margin of 6.76% and a return on equity of 12.61%. The company had revenue of $732.40 million for the quarter, compared to the consensus estimate of $217.18 million.

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were issued a $0.5652 dividend. This represents a $2.26 annualized dividend and a dividend yield of 10.3%. This is a boost from BW LPG’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, March 13th. BW LPG’s payout ratio is currently 142.50%.

BW LPG 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.