Wells Fargo & Company MN increased its position in shares of GasLog Partners LP (NYSE:GLOP) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,642 shares of the shipping company’s stock after purchasing an additional 7,932 shares during the period. Wells Fargo & Company MN’s holdings in GasLog Partners were worth $3,595,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in GasLog Partners by 90.0% during the 2nd quarter. Stifel Financial Corp now owns 23,712 shares of the shipping company’s stock worth $540,000 after purchasing an additional 11,230 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in GasLog Partners by 24.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 581,048 shares of the shipping company’s stock worth $13,538,000 after purchasing an additional 114,193 shares during the last quarter. GRT Capital Partners L.L.C. acquired a new stake in GasLog Partners during the 2nd quarter worth approximately $556,000. Evergreen Capital Management LLC lifted its holdings in GasLog Partners by 83.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 172,334 shares of the shipping company’s stock worth $4,007,000 after purchasing an additional 78,625 shares during the last quarter. Finally, Rafferty Asset Management LLC acquired a new stake in GasLog Partners during the 2nd quarter worth approximately $3,048,000. 42.27% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on the company. BidaskClub raised GasLog Partners from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Zacks Investment Research cut GasLog Partners from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Stifel Nicolaus reissued a “buy” rating and set a $27.00 price target on shares of GasLog Partners in a report on Friday, October 13th. ValuEngine cut GasLog Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, Barclays dropped their price target on GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $26.40.
GasLog Partners (NYSE:GLOP) last announced its quarterly earnings data on Thursday, October 26th. The shipping company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The company had revenue of $73.40 million during the quarter, compared to analyst estimates of $72.11 million. GasLog Partners had a net margin of 34.89% and a return on equity of 12.44%. GasLog Partners’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. equities research analysts anticipate that GasLog Partners LP will post 2.13 earnings per share for the current fiscal year.
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GasLog Partners Profile
GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.
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