Okeanis Eco Tankers (NYSE:ECO) Director Financial Lp Qvt Sells 8,539 Shares

Okeanis Eco Tankers Corp. (NYSE:ECO) Director Financial Lp Qvt sold 8,539 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $65.04, for a total transaction of $555,376.56. Following the transaction, the director directly owned 1,415,458 shares of the company’s stock, valued at approximately $92,061,388.32. This represents a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Financial Lp Qvt also recently made the following trade(s):

• On Friday, August 14th, Financial Lp Qvt sold 68,420 shares of Okeanis Eco Tankers stock. The stock was sold at an average price of $59.99, for a total value of $4,104,515.80.

Okeanis Eco Tankers Trading Up 4.0%

Okeanis Eco Tankers stock opened at $62.71 on Tuesday. Okeanis Eco Tankers Corp. has a 52 week low of $25.47 and a 52 week high of $65.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.13 and a current ratio of 4.43. The firm has a market capitalization of $2.45 billion, a PE ratio of 5.85 and a beta of -0.15. The business’s 50-day simple moving average is $55.76 and its 200-day simple moving average is $51.58.

Okeanis Eco Tankers (NYSE:ECO) last announced its earnings results on Wednesday, August 5th. The company reported $5.91 earnings per share for the quarter, beating the consensus estimate of $4.61 by $1.30. The firm had revenue of $268.14 million during the quarter, compared to the consensus estimate of $220.28 million. Okeanis Eco Tankers had a return on equity of 62.06% and a net margin of 56.92%. Equities research analysts forecast that Okeanis Eco Tankers Corp. will post 15.33 earnings per share for the current year.

Okeanis Eco Tankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be given a dividend of $5.25 per share. This represents a $21.00 dividend on an annualized basis and a yield of 33.5%. This is an increase from Okeanis Eco Tankers’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, August 14th. Okeanis Eco Tankers’s payout ratio is presently 195.90%.

Institutional Investors Weigh In On Okeanis Eco Tankers

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in Okeanis Eco Tankers in the 2nd quarter valued at $25,000. Fifth Third Bancorp bought a new stake in Okeanis Eco Tankers in the first quarter valued at $29,000. Quarry LP acquired a new position in Okeanis Eco Tankers during the third quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its stake in Okeanis Eco Tankers by 102.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,052 shares of the company’s stock worth $36,000 after acquiring an additional 532 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Okeanis Eco Tankers during the second quarter valued at $107,000.

Analysts Set New Price Targets

Several research firms have issued reports on ECO. Wall Street Zen upgraded shares of Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Clarkson Capital lowered shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Pareto Securities lowered shares of Okeanis Eco Tankers from a “buy” rating to a “hold” rating and set a $57.50 price objective for the company. in a research report on Monday, May 25th. B. Riley Financial increased their target price on shares of Okeanis Eco Tankers from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Zacks Research raised Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Okeanis Eco Tankers presently has a consensus rating of “Moderate Buy” and an average target price of $59.52.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.

As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.