BW LPG Limited (NYSE:BWLP) Stake Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of BW LPG Limited (NYSE:BWLP) by 600.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 770,219 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in BW LPG during the third quarter worth approximately $5,653,000. Public Employees Retirement System of Ohio bought a new stake in BW LPG during the third quarter worth approximately $476,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in BW LPG during the third quarter worth approximately $444,000. Dynamic Technology Lab Private Ltd bought a new stake in BW LPG during the third quarter worth approximately $341,000. Finally, Jane Street Group LLC bought a new stake in BW LPG during the third quarter worth approximately $305,000.

Wall Street Analysts Forecast Growth

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

BW LPG Trading Down 1.0 %

NYSE BWLP opened at $10.87 on Friday. BW LPG Limited has a twelve month low of $9.95 and a twelve month high of $22.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. The stock has a market cap of $1.43 billion and a price-to-earnings ratio of 4.08. The firm’s 50 day moving average price is $12.04 and its two-hundred day moving average price is $12.87.

BW LPG (NYSE:BWLP) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The company 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 announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 15.46%. The ex-dividend date is Monday, March 10th. BW LPG’s dividend payout ratio is 63.16%.

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.