Vestcor Inc Trims Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Vestcor Inc decreased its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 263,255 shares of the shipping company's stock after selling 12,107 shares during the period. Vestcor Inc owned 0.62% of Dorian LPG worth $6,416,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in Dorian LPG by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company's stock worth $16,238,000 after buying an additional 34,344 shares during the period. JPMorgan Chase & Co. lifted its holdings in Dorian LPG by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company's stock worth $6,800,000 after buying an additional 25,343 shares during the period. Cynosure Group LLC lifted its holdings in Dorian LPG by 248.0% during the third quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company's stock worth $1,090,000 after buying an additional 22,560 shares during the period. Empowered Funds LLC lifted its holdings in Dorian LPG by 52.2% during the third quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company's stock worth $9,997,000 after buying an additional 99,650 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Dorian LPG by 11.5% during the third quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company's stock worth $117,579,000 after buying an additional 352,453 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Pareto Securities upgraded Dorian LPG to a "buy" rating in a report on Tuesday, February 4th. Jefferies Financial Group reiterated a "buy" rating and set a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st.

Dorian LPG Stock Up 2.3 %

Shares of LPG traded up $0.48 during midday trading on Friday, hitting $21.74. 539,572 shares of the company's stock traded hands, compared to its average volume of 670,279. Dorian LPG Ltd. has a 1 year low of $19.36 and a 1 year high of $51.66. The firm's fifty day moving average is $23.21 and its 200-day moving average is $27.46. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $930.56 million, a price-to-earnings ratio of 5.53 and a beta of 0.87.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same quarter last year, the firm posted $2.62 earnings per share. As a group, sell-side analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG's dividend payout ratio (DPR) is 25.45%.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.