KBC Group NV lifted its position in shares of GasLog Ltd (NYSE:GLOG) by 66.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,625 shares of the shipping company’s stock after buying an additional 7,060 shares during the quarter. KBC Group NV’s holdings in GasLog were worth $290,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLOG. FMR LLC raised its position in shares of GasLog by 2.7% during the 2nd quarter. FMR LLC now owns 6,349,195 shares of the shipping company’s stock valued at $121,270,000 after buying an additional 165,298 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of GasLog by 11.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,487,373 shares of the shipping company’s stock valued at $68,876,000 after buying an additional 353,300 shares in the last quarter. BlackRock Inc. raised its position in shares of GasLog by 1.2% during the 3rd quarter. BlackRock Inc. now owns 2,010,306 shares of the shipping company’s stock valued at $39,703,000 after buying an additional 23,404 shares in the last quarter. Peregrine Capital Management LLC raised its position in shares of GasLog by 1.6% during the 4th quarter. Peregrine Capital Management LLC now owns 907,878 shares of the shipping company’s stock valued at $14,944,000 after buying an additional 14,566 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in GasLog by 3.6% during the 3rd quarter. Renaissance Technologies LLC now owns 888,000 shares of the shipping company’s stock valued at $17,538,000 after purchasing an additional 30,900 shares during the last quarter. Institutional investors own 42.97% of the company’s stock.
Shares of GLOG stock opened at $17.72 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 1,802.00 and a beta of 1.33. GasLog Ltd has a one year low of $15.75 and a one year high of $23.14.
GasLog (NYSE:GLOG) last issued its earnings results on Thursday, February 14th. The shipping company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.23. The business had revenue of $188.64 million for the quarter, compared to the consensus estimate of $176.16 million. GasLog had a net margin of 7.57% and a return on equity of 0.32%. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. On average, equities analysts forecast that GasLog Ltd will post 0.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Monday, March 4th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 1st. This represents a $1.60 dividend on an annualized basis and a yield of 9.03%.
Several brokerages recently commented on GLOG. Zacks Investment Research downgraded shares of GasLog from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. ValuEngine upgraded shares of GasLog from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. upgraded shares of GasLog from an “underweight” rating to a “neutral” rating and set a $20.00 price target on the stock in a report on Friday, November 2nd. TheStreet upgraded shares of GasLog from a “c+” rating to a “b” rating in a report on Friday, November 16th. Finally, DNB Markets upgraded shares of GasLog from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $21.78.
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GasLog Company Profile
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.
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