Dorian LPG Ltd. (NYSE:LPG) Stock Holdings Trimmed by Fmr LLC

Fmr LLC trimmed its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 5.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,274 shares of the shipping company’s stock after selling 562 shares during the period. Fmr LLC’s holdings in Dorian LPG were worth $319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LPG. Pacer Advisors Inc. increased its holdings in shares of Dorian LPG by 22.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company’s stock worth $128,547,000 after acquiring an additional 560,325 shares during the period. Marshall Wace LLP lifted its stake in Dorian LPG by 435.3% during the second quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock valued at $19,181,000 after buying an additional 371,724 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Dorian LPG by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company’s stock valued at $44,640,000 after acquiring an additional 132,542 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Dorian LPG by 52.2% in the third quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock valued at $9,997,000 after purchasing an additional 99,650 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Dorian LPG by 87.3% during the 3rd quarter. Victory Capital Management Inc. now owns 163,754 shares of the shipping company’s stock worth $5,636,000 after acquiring an additional 76,334 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and set a $42.00 target price on shares of Dorian LPG in a research note on Thursday, October 31st.

Dorian LPG Price Performance

NYSE LPG opened at $22.97 on Friday. The stock’s 50-day moving average is $27.00 and its two-hundred day moving average is $34.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. Dorian LPG Ltd. has a fifty-two week low of $22.46 and a fifty-two week high of $51.66. The firm has a market cap of $983.21 million, a P/E ratio of 3.89 and a beta of 0.93.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). The business had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The firm’s revenue was down 43.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. On average, analysts anticipate that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were issued a dividend of $1.00 per share. The ex-dividend date was Tuesday, November 5th. Dorian LPG’s payout ratio is presently 16.95%.

Dorian LPG Company Profile

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.