Sequoia Financial Advisors LLC Has $330,000 Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Sequoia Financial Advisors LLC trimmed its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in Dorian LPG by 63.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company’s stock worth $11,995,000 after purchasing an additional 162,663 shares in the last quarter. Vanguard Group Inc. grew its holdings in Dorian LPG by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock worth $42,501,000 after acquiring an additional 180,246 shares during the last quarter. Invesco Ltd. grew its holdings in Dorian LPG by 10.5% during the 3rd quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock worth $22,937,000 after acquiring an additional 75,584 shares during the last quarter. Ibex Wealth Advisors bought a new stake in Dorian LPG during the 3rd quarter worth approximately $510,000. Finally, First Eagle Investment Management LLC grew its holdings in Dorian LPG by 37.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 218,491 shares of the shipping company’s stock worth $6,277,000 after acquiring an additional 59,850 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. 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. StockNews.com lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, DNB Markets lowered shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research note on Friday, January 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Dorian LPG has an average rating of “Moderate Buy” and an average price target of $40.25.

Dorian LPG Stock Performance

LPG opened at $39.46 on Friday. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $37.52 and its two-hundred day moving average price is $38.19. Dorian LPG Ltd. has a 1-year low of $21.02 and a 1-year high of $49.54. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 5.24 and a beta of 1.13.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 earnings per share 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 the consensus estimate 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 prior year, the company posted $1.29 earnings per share. On average, analysts expect that Dorian LPG Ltd. will post 7.29 EPS for the current fiscal year.

Dorian LPG Announces Dividend

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

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.