1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC acquired a new stake in Scorpio Tankers Inc. ( NYSE:STNG – Free Report ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,248 shares of the shipping company’s stock, valued at approximately $559,000.
A number of other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of Scorpio Tankers by 204.1% during the 4th quarter.
GAMMA Investing LLC now owns 599 shares of the shipping company’s stock worth $30,000 after acquiring an additional 402 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Scorpio Tankers by 75.8% in the fourth quarter.
Lindbrook Capital LLC now owns 610 shares of the shipping company’s stock valued at $30,000 after purchasing an additional 263 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Scorpio Tankers by 40.
1% in the fourth quarter. PNC Financial Services Group Inc. now owns 929 shares of the shipping company’s stock valued at $46,000 after purchasing an additional 266 shares during the last quarter.
EverSource Wealth Advisors LLC raised its position in shares of Scorpio Tankers by 850.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 979 shares of the shipping company’s stock valued at $49,000 after purchasing an additional 876 shares during the period.
Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Scorpio Tankers during the 3rd quarter worth about $68,000. 54.64% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes STNG has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on shares of Scorpio Tankers from $51.00 to $49.
00 and set a “hold” rating on the stock in a report on Friday, February 14th. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 target price on shares of Scorpio Tankers in a research note on Thursday, February 13th.
Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Scorpio Tankers has a consensus rating of “Hold” and a consensus price target of $68.
75. Scorpio Tankers Stock Performance NYSE STNG opened at $35.39 on Tuesday.
Scorpio Tankers Inc. has a 12-month low of $30.63 and a 12-month high of $84.
67. The firm has a 50-day moving average price of $41.77 and a two-hundred day moving average price of $51.
47. The company has a market capitalization of $1.77 billion, a P/E ratio of 2.
71 and a beta of -0.01. The company has a quick ratio of 2.
39, a current ratio of 2.43 and a debt-to-equity ratio of 0.25.
Scorpio Tankers ( NYSE:STNG – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 12th. The shipping company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
71 by ($0.08). Scorpio Tankers had a return on equity of 18.
01% and a net margin of 53.76%. Analysts anticipate that Scorpio Tankers Inc.
will post 5.29 earnings per share for the current year. Scorpio Tankers Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 21st.
Investors of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.
60 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Friday, March 7th.
Scorpio Tankers’s dividend payout ratio (DPR) is presently 12.27%. Scorpio Tankers Profile ( Free Report ) Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide.
As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years. Further Reading Want to see what other hedge funds are holding STNG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Scorpio Tankers Inc. ( NYSE:STNG – Free Report ). Receive News & Ratings for Scorpio Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scorpio Tankers and related companies with MarketBeat.
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