Theodore Young Sells 9,081 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 9,081 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $53.25, for a total value of $483,563.25. Following the transaction, the chief financial officer owned 124,713 shares in the company, valued at approximately $6,640,967.25. This trade represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dorian LPG Stock Performance

Shares of LPG stock opened at $54.35 on Friday. The stock has a market cap of $2.33 billion, a PE ratio of 7.20 and a beta of 0.61. The stock has a 50-day moving average of $46.21 and a 200-day moving average of $40.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.24. Dorian LPG Ltd. has a one year low of $23.76 and a one year high of $55.28.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.40. The business had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. Dorian LPG’s quarterly revenue was up 123.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS.

Dorian LPG Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, July 27th.

Analysts Set New Price Targets

LPG has been the subject of a number of recent analyst reports. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a report on Tuesday, August 25th. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Finally, Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $55.00.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its holdings in shares of Dorian LPG by 3,299.8% in the second quarter. California State Teachers Retirement System now owns 1,765,641 shares of the shipping company’s stock valued at $61,409,000 after purchasing an additional 1,713,708 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Dorian LPG during the first quarter worth about $11,929,000. AQR Capital Management LLC raised its position in Dorian LPG by 236.7% in the 2nd quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock valued at $10,373,000 after buying an additional 299,107 shares during the last quarter. Bank of America Corp DE raised its position in Dorian LPG by 136.2% in the 2nd quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock valued at $8,996,000 after buying an additional 212,787 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Dorian LPG by 12.4% in the 4th quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock valued at $45,635,000 after acquiring an additional 207,575 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.