BW LPG (NYSE:BWLP) Shares Gap Up - Here's What Happened

BW LPG Limited (NYSE:BWLP - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $8.56, but opened at $9.37. BW LPG shares last traded at $9.02, with a volume of 176,178 shares trading hands.

Analysts Set New Price Targets

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

BW LPG Stock Performance

The stock has a market cap of $1.23 billion and a PE ratio of 3.50. 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 has a 50 day moving average of $11.24 and a two-hundred day moving average of $12.20.

BW LPG (NYSE:BWLP - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) 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 analyst estimates of $183.00 million.

BW LPG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 18.05%. The ex-dividend date was Monday, March 10th. BW LPG's dividend payout ratio (DPR) is currently 63.16%.

Remove Ads

Institutional Trading of BW LPG

Large investors have recently made changes to their positions in the company. Swiss National Bank lifted its stake in BW LPG by 0.6% in the fourth quarter. Swiss National Bank now owns 166,377 shares of the company's stock valued at $1,836,000 after buying an additional 1,071 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of BW LPG by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 395,755 shares of the company's stock valued at $4,375,000 after acquiring an additional 1,175 shares during the period. SBI Securities Co. Ltd. purchased a new stake in BW LPG in the 4th quarter valued at $26,000. XTX Topco Ltd boosted its stake in BW LPG by 9.1% during the 4th quarter. XTX Topco Ltd now owns 27,995 shares of the company's stock worth $318,000 after purchasing an additional 2,324 shares during the period. Finally, Avior Wealth Management LLC boosted its stake in BW LPG by 98.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock worth $67,000 after purchasing an additional 2,902 shares during the period.

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.