BW LPG (NYSE:BWLP) Trading Down 2.5% – Should You Sell?

BW LPG Limited (NYSE:BWLP) shares traded down 2.5% on Friday . The stock traded as low as $10.73 and last traded at $10.71. 75,754 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 354,649 shares. The stock had previously closed at $10.98.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th.

BW LPG Price Performance

The company has a market capitalization of $1.43 billion and a P/E ratio of 4.08. The company’s 50-day moving average price is $12.04 and its two-hundred day moving average price is $12.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

BW LPG (NYSE:BWLP) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $127.57 million during the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.68 annualized dividend and a dividend yield of 15.46%. BW LPG’s dividend payout ratio is presently 63.16%.

Institutional Investors Weigh In On BW LPG

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in BW LPG by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,152,366 shares of the company’s stock valued at $35,013,000 after acquiring an additional 13,010 shares in the last quarter. Amundi raised its holdings in BW LPG by 22.4% in the 4th quarter. Amundi now owns 2,208,258 shares of the company’s stock valued at $25,152,000 after acquiring an additional 404,323 shares in the last quarter. Barclays PLC raised its holdings in BW LPG by 6.0% in the 4th quarter. Barclays PLC now owns 1,546,077 shares of the company’s stock valued at $17,563,000 after acquiring an additional 86,909 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BW LPG by 10.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 793,239 shares of the company’s stock valued at $8,751,000 after acquiring an additional 75,699 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in BW LPG by 600.5% in the 4th quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock valued at $8,750,000 after acquiring an additional 660,269 shares in the last quarter.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.