GasLog LP. (GLOG) Shares Bought by State Street Corp
State Street Corp raised its holdings in GasLog LP. (NYSE:GLOG) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 767,443 shares of the shipping company’s stock after acquiring an additional 51,873 shares during the quarter. State Street Corp owned 0.95% of GasLog worth $11,706,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tudor Investment Corp ET AL purchased a new stake in GasLog during the first quarter valued at about $182,000. QS Investors LLC purchased a new stake in GasLog during the second quarter valued at about $194,000. Ameriprise Financial Inc. purchased a new stake in GasLog during the second quarter valued at about $244,000. Voya Investment Management LLC lifted its stake in GasLog by 12.3% during the second quarter. Voya Investment Management LLC now owns 21,754 shares of the shipping company’s stock valued at $332,000 after buying an additional 2,376 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in GasLog by 1,425.0% during the second quarter. Harbour Capital Advisors LLC now owns 22,875 shares of the shipping company’s stock valued at $1,500,000 after buying an additional 21,375 shares in the last quarter. 50.57% of the stock is owned by institutional investors.
A number of analysts have commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 price objective on shares of GasLog in a research note on Friday, November 3rd. Zacks Investment Research upgraded GasLog from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 target price on shares of GasLog in a report on Wednesday, October 11th. DNB Markets downgraded GasLog from a “buy” rating to a “hold” rating and set a $17.80 target price on the stock. in a report on Wednesday, September 13th. Finally, BidaskClub downgraded GasLog from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. GasLog currently has an average rating of “Buy” and a consensus price target of $18.98.
GasLog LP. (NYSE GLOG) opened at $18.00 on Friday. The firm has a market capitalization of $1,451.70, a PE ratio of 360.00 and a beta of 1.26. GasLog LP. has a twelve month low of $12.75 and a twelve month high of $19.20. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.48.
GasLog (NYSE:GLOG) last issued its earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $131.24 million for the quarter, compared to the consensus estimate of $132.32 million. GasLog had a return on equity of 0.19% and a net margin of 7.34%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. sell-side analysts forecast that GasLog LP. will post 0.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.56 dividend on an annualized basis and a yield of 3.11%. GasLog’s dividend payout ratio is currently 160.00%.
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GasLog Company Profile
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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