Shares of GasLog Ltd. (NYSE:GLOG) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4.96.
A number of research analysts recently weighed in on GLOG shares. Zacks Investment Research raised shares of GasLog from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Thursday, April 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $5.80 price target (up from $5.50) on shares of GasLog in a research note on Monday, March 1st. BTIG Research lowered shares of GasLog from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 23rd. Stifel Nicolaus lowered shares of GasLog from a “buy” rating to a “hold” rating in a research note on Monday, February 22nd. Finally, Clarkson Capital lowered shares of GasLog from a “buy” rating to a “neutral” rating and set a $6.00 target price on the stock. in a research note on Monday, February 22nd.
Shares of GLOG stock remained flat at $$5.83 during mid-day trading on Tuesday. 1,443 shares of the stock traded hands, compared to its average volume of 1,826,483. The stock’s 50-day moving average price is $5.80 and its two-hundred day moving average price is $4.46. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.54 and a current ratio of 0.57. GasLog has a twelve month low of $2.23 and a twelve month high of $6.50. The company has a market capitalization of $554.88 million, a P/E ratio of -3.53 and a beta of 1.34.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 11th. Shareholders of record on Thursday, March 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Wednesday, March 3rd. GasLog’s dividend payout ratio (DPR) is 68.97%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its holdings in shares of GasLog by 14.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 46,884 shares of the shipping company’s stock worth $127,000 after buying an additional 5,917 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of GasLog during the 4th quarter worth approximately $348,000. Syquant Capital Sas acquired a new stake in shares of GasLog during the 1st quarter worth approximately $577,000. Charles Schwab Investment Management Inc. increased its holdings in shares of GasLog by 40.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 528,142 shares of the shipping company’s stock worth $1,965,000 after buying an additional 152,431 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors acquired a new stake in shares of GasLog during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 21.07% of the company’s stock.
GasLog Company Profile
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. The company provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of March 1, 2020, it operated a fleet of 25 LNG carriers.
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