Dorian LPG Ltd. (NYSE:LPG) Stock Position Raised by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in Dorian LPG Ltd. (NYSE:LPG) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,270 shares of the shipping company’s stock after acquiring an additional 6,489 shares during the period. Wells Fargo & Company MN owned about 0.07% of Dorian LPG worth $738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Dorian LPG by 392.6% in the 3rd quarter. Barclays PLC now owns 62,935 shares of the shipping company’s stock worth $2,167,000 after purchasing an additional 50,160 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Dorian LPG by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock valued at $6,800,000 after buying an additional 25,343 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dorian LPG by 146.2% during the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after acquiring an additional 1,303 shares during the period. Procyon Advisors LLC lifted its position in Dorian LPG by 4.7% in the 4th quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company’s stock valued at $387,000 after purchasing an additional 719 shares during the last quarter. Finally, Viking Fund Management LLC acquired a new position in Dorian LPG during the 4th quarter valued at about $219,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Pareto Securities upgraded shares of Dorian LPG to a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group restated a “buy” rating and issued a $35.00 target price on shares of Dorian LPG in a research report on Friday, January 31st.

Dorian LPG Stock Up 0.2 %

Dorian LPG stock opened at $21.46 on Friday. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $51.66. The stock has a market cap of $918.36 million, a price-to-earnings ratio of 5.46 and a beta of 0.67. The company’s 50-day moving average price is $20.90 and its two-hundred day moving average price is $23.97. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same period in the previous year, the firm earned $2.62 earnings per share. On average, analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Insider Activity

In other Dorian LPG news, CEO John C. Hadjipateras purchased 12,500 shares of the firm’s stock in a transaction on Tuesday, April 8th. The shares were purchased at an average price of $17.75 per share, for a total transaction of $221,875.00. Following the completion of the transaction, the chief executive officer now owns 1,824,386 shares in the company, valued at $32,382,851.50. This represents a 0.69 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.40% of the company’s stock.

Dorian LPG 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.