Okeanis Eco Tankers Corp. $ECO Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) by 5.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 443,695 shares of the company’s stock after buying an additional 22,906 shares during the period. SG Americas Securities LLC’s holdings in Okeanis Eco Tankers were worth $12,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Goldman Sachs Group Inc. boosted its stake in shares of Okeanis Eco Tankers by 56.8% in the first quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company’s stock worth $3,328,000 after buying an additional 54,528 shares during the last quarter. Invesco Ltd. acquired a new position in Okeanis Eco Tankers in the second quarter valued at approximately $613,000. Semmax Financial Advisors Inc. boosted its position in Okeanis Eco Tankers by 8.2% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 132,545 shares of the company’s stock worth $2,880,000 after purchasing an additional 10,016 shares in the last quarter. S.E.E.D. Planning Group LLC acquired a new stake in shares of Okeanis Eco Tankers during the 3rd quarter worth approximately $234,000. Finally, Lighthouse Investment Partners LLC grew its stake in shares of Okeanis Eco Tankers by 13.5% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 46,816 shares of the company’s stock worth $1,017,000 after purchasing an additional 5,558 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ECO shares. Clarkson Capital raised shares of Okeanis Eco Tankers to a “hold” rating in a report on Friday, November 14th. UBS Group downgraded shares of Okeanis Eco Tankers from a “buy” rating to a “neutral” rating in a research report on Friday, November 14th. Wall Street Zen raised shares of Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 15th. B. Riley lifted their price target on Okeanis Eco Tankers from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Okeanis Eco Tankers in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Okeanis Eco Tankers Trading Up 5.0%

ECO stock opened at $38.23 on Friday. Okeanis Eco Tankers Corp. has a 12-month low of $17.91 and a 12-month high of $39.77. The business’s 50-day moving average is $35.39 and its 200 day moving average is $29.85. The company has a current ratio of 2.00, a quick ratio of 1.69 and a debt-to-equity ratio of 1.33. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 16.00 and a beta of 0.05.

Okeanis Eco Tankers (NYSE:ECO) last announced its earnings results on Thursday, November 13th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.48. The business had revenue of $90.60 million during the quarter, compared to analysts’ expectations of $51.29 million. Okeanis Eco Tankers had a return on equity of 18.05% and a net margin of 21.92%. On average, sell-side analysts anticipate that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Tuesday, December 2nd were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Tuesday, December 2nd. This is an increase from Okeanis Eco Tankers’s previous quarterly dividend of $0.70. Okeanis Eco Tankers’s payout ratio is 125.52%.

Okeanis Eco Tankers Profile

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.