Dorian LPG Ltd. (NYSE:LPG) Stake Decreased by Jennison Associates LLC

Jennison Associates LLC lessened its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 38.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,275 shares of the shipping company’s stock after selling 12,268 shares during the quarter. Jennison Associates LLC’s holdings in Dorian LPG were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LPG. Fifth Third Bancorp raised its holdings in shares of Dorian LPG by 317.7% during the fourth quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock valued at $30,000 after buying an additional 521 shares during the last quarter. CWM LLC raised its holdings in shares of Dorian LPG by 63.2% during the third quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock valued at $41,000 after buying an additional 547 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of Dorian LPG during the fourth quarter valued at approximately $44,000. Perennial Advisors LLC bought a new stake in shares of Dorian LPG during the fourth quarter valued at approximately $204,000. Finally, Raymond James & Associates bought a new stake in Dorian LPG during the third quarter worth approximately $208,000. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Trading Up 1.2 %

Dorian LPG stock opened at $41.78 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 5.55 and a beta of 1.13. Dorian LPG Ltd. has a 1 year low of $21.02 and a 1 year high of $49.54. The firm’s 50 day moving average price is $38.21 and its two-hundred day moving average price is $38.79.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.35. The firm had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same quarter in the previous year, the business posted $1.29 earnings per share. On average, research analysts predict that Dorian LPG Ltd. will post 7.49 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 8th will be given a $1.00 dividend. The ex-dividend date is Tuesday, May 7th. Dorian LPG’s dividend payout ratio (DPR) is 26.56%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LPG. DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Friday, January 26th. Jefferies Financial Group reissued a “buy” rating and set a $50.00 target price on shares of Dorian LPG in a report on Thursday, February 1st. Finally, StockNews.com raised Dorian LPG from a “hold” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Dorian LPG has an average rating of “Moderate Buy” and a consensus price target of $40.25.

About Dorian LPG

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.