BW LPG Limited (NYSE:BWLP) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in BW LPG Limited (NYSE:BWLP - Free Report) by 600.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 770,219 shares of the company's stock after acquiring an additional 660,269 shares during the period. Bank of New York Mellon Corp owned 0.59% of BW LPG worth $8,750,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its position in BW LPG by 30.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company's stock valued at $321,000 after acquiring an additional 6,601 shares during the period. Avior Wealth Management LLC increased its position in BW LPG by 98.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock valued at $67,000 after acquiring an additional 2,902 shares during the period. Public Employees Retirement System of Ohio acquired a new position in BW LPG during the 3rd quarter worth approximately $476,000. XTX Topco Ltd increased its position in BW LPG by 75.1% during the 3rd quarter. XTX Topco Ltd now owns 25,671 shares of the company's stock worth $370,000 after purchasing an additional 11,013 shares during the period. Finally, Jane Street Group LLC acquired a new position in BW LPG during the 3rd quarter worth approximately $305,000.

BW LPG Stock Performance

NYSE BWLP traded up $0.21 on Tuesday, hitting $11.36. 311,632 shares of the company's stock were exchanged, compared to its average volume of 482,736. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. The firm's 50-day moving average price is $12.04 and its two-hundred day moving average price is $12.80. BW LPG Limited has a fifty-two week low of $9.95 and a fifty-two week high of $22.31. The firm has a market cap of $1.50 billion and a price-to-earnings ratio of 4.27.

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BW LPG (NYSE:BWLP - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $127.57 million for the quarter, compared to analysts' expectations of $183.00 million.

BW LPG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 14.80%. The ex-dividend date is Monday, March 10th. BW LPG's dividend payout ratio (DPR) is 63.16%.

Wall Street Analyst Weigh In

Separately, Pareto Securities upgraded BW LPG from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th.

About BW LPG

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.