BW LPG (NYSE:BWLP) Shares Down 4.5% – Should You Sell?

BW LPG Limited (NYSE:BWLP)’s stock price dropped 4.5% during trading on Thursday . The stock traded as low as $19.55 and last traded at $19.2350. 204,826 shares traded hands during trading, a decline of 53% from the average session volume of 432,987 shares. The stock had previously closed at $20.15.

Wall Street Analyst Weigh In

Several analysts have issued reports on BWLP shares. Wall Street Zen raised shares of BW LPG from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BW LPG in a research note on Friday, May 22nd. Finally, Pareto Securities downgraded shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

BW LPG Stock Up 3.4%

The firm has a fifty day simple moving average of $19.98 and a 200-day simple moving average of $17.42. The company has a market capitalization of $2.98 billion, a PE ratio of 8.28 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.47.

BW LPG (NYSE:BWLP) last released its earnings results on Friday, May 15th. The company reported $1.08 EPS for the quarter. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.The company had revenue of $838.89 million during the quarter.

BW LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were paid a dividend of $6.196 per share. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, June 12th. This represents a $24.78 dividend on an annualized basis and a yield of 125.8%. BW LPG’s payout ratio is currently 112.61%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BWLP. Ameriprise Financial Inc. lifted its position in shares of 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 purchasing an additional 579,987 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in BW LPG in the first quarter valued at about $9,646,000. Fearnley Asset Management AS bought a new stake in BW LPG in the fourth quarter valued at about $5,388,000. Millennium Management LLC acquired a new stake in BW LPG during the fourth quarter valued at approximately $5,027,000. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in BW LPG by 115,776.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock valued at $2,549,000 after buying an additional 203,766 shares in the last quarter.

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.