Sequoia Financial Advisors LLC Decreases Holdings in Dorian LPG Ltd. (NYSE:LPG)

Sequoia Financial Advisors LLC cut its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 7,517 shares of the shipping company’s stock after selling 486 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Dorian LPG were worth $330,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors raised its stake in shares of Dorian LPG by 134.6% during the first quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock worth $25,000 after acquiring an additional 984 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Dorian LPG by 317.7% in the fourth quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock worth $30,000 after buying an additional 521 shares during the period. Quarry LP increased its stake in shares of Dorian LPG by 79.3% in the second quarter. Quarry LP now owns 1,325 shares of the shipping company’s stock worth $34,000 after buying an additional 586 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Dorian LPG by 43.8% in the second quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company’s stock worth $36,000 after buying an additional 430 shares during the period. Finally, CWM LLC increased its stake in shares of Dorian LPG by 63.2% in the third quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after buying an additional 547 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LPG has been the topic of several analyst reports. StockNews.com downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research note on Friday, January 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $50.00 price target on shares of Dorian LPG in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Stock Performance

NYSE:LPG opened at $39.46 on Friday. The stock has a market cap of $1.60 billion, a P/E ratio of 5.24 and a beta of 1.13. The firm’s fifty day simple moving average is $37.52 and its 200 day simple moving average is $38.19. Dorian LPG Ltd. has a twelve month low of $21.02 and a twelve month high of $49.54. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The business had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. During the same quarter in the previous year, the business posted $1.29 earnings per share. As a group, research analysts predict that Dorian LPG Ltd. will post 7.29 EPS for the current year.

Dorian LPG Dividend Announcement

The firm also recently announced a None dividend, which was paid on Tuesday, February 27th. Stockholders of record on Monday, February 5th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, February 2nd. Dorian LPG’s dividend payout ratio (DPR) is presently 26.56%.

Dorian LPG Company Profile

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