Northern Trust Corp boosted its holdings in GasLog LP. (NYSE:GLOG) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,827 shares of the shipping company’s stock after purchasing an additional 7,135 shares during the quarter. Northern Trust Corp owned about 0.52% of GasLog LP. worth $6,388,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GLOG. Bank of New York Mellon Corp raised its position in GasLog LP. by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 139,556 shares of the shipping company’s stock worth $2,142,000 after buying an additional 5,661 shares during the last quarter. American International Group Inc. raised its position in GasLog LP. by 7.1% during the 1st quarter. American International Group Inc. now owns 25,198 shares of the shipping company’s stock worth $387,000 after buying an additional 1,670 shares during the last quarter. Teachers Advisors LLC raised its position in GasLog LP. by 6.5% during the 1st quarter. Teachers Advisors LLC now owns 72,941 shares of the shipping company’s stock worth $1,120,000 after buying an additional 4,421 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in GasLog LP. by 106.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 248,499 shares of the shipping company’s stock worth $3,814,000 after buying an additional 128,094 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in GasLog LP. by 16.1% during the 1st quarter. Geode Capital Management LLC now owns 67,250 shares of the shipping company’s stock worth $1,032,000 after buying an additional 9,320 shares during the last quarter. Hedge funds and other institutional investors own 49.69% of the company’s stock.

A number of equities analysts have commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $19.00 price objective on shares of GasLog LP. in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of GasLog LP. from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Jefferies Group LLC restated a “buy” rating and set a $20.00 price objective on shares of GasLog LP. in a research report on Wednesday, October 11th. DNB Markets downgraded shares of GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 price objective for the company. in a research report on Wednesday, September 13th. Finally, BidaskClub downgraded shares of GasLog LP. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.98.

WARNING: This piece was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.watchlistnews.com/northern-trust-corp-grows-position-in-gaslog-lp-glog/1701728.html.

GasLog LP. (NYSE:GLOG) opened at $18.55 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.41 and a current ratio of 1.45. GasLog LP. has a 12 month low of $12.75 and a 12 month high of $19.20. The firm has a market cap of $1,516.22, a price-to-earnings ratio of 376.00 and a beta of 1.26.

GasLog LP. (NYSE:GLOG) last posted its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. GasLog LP. had a net margin of 7.34% and a return on equity of 0.19%. The business had revenue of $131.24 million for the quarter, compared to analysts’ expectations of $132.32 million. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. research analysts predict that GasLog LP. will post 0.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, November 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.02%. GasLog LP.’s dividend payout ratio (DPR) is presently 160.00%.

About GasLog LP.

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.

Want to see what other hedge funds are holding GLOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GasLog LP. (NYSE:GLOG).

Institutional Ownership by Quarter for GasLog LP. (NYSE:GLOG)

Receive News & Ratings for GasLog LP. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog LP. and related companies with Analyst Ratings Network's FREE daily email newsletter.