Scorpio Tankers Inc. $STNG Shares Bought by Tejara Capital Ltd

Tejara Capital Ltd grew its stake in Scorpio Tankers Inc. (NYSE:STNG) by 453.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,738 shares of the shipping company’s stock after acquiring an additional 90,738 shares during the quarter. Scorpio Tankers comprises approximately 1.3% of Tejara Capital Ltd’s portfolio, making the stock its 14th biggest holding. Tejara Capital Ltd owned approximately 0.22% of Scorpio Tankers worth $5,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. raised its stake in Scorpio Tankers by 110.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 469 shares of the shipping company’s stock valued at $26,000 after purchasing an additional 246 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Scorpio Tankers by 67.9% in the 3rd quarter. Clearstead Advisors LLC now owns 507 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Scorpio Tankers during the 3rd quarter worth about $36,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Scorpio Tankers during the 3rd quarter worth about $41,000. Finally, Larson Financial Group LLC grew its holdings in shares of Scorpio Tankers by 122.8% during the third quarter. Larson Financial Group LLC now owns 851 shares of the shipping company’s stock worth $48,000 after buying an additional 469 shares in the last quarter. Institutional investors and hedge funds own 54.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Scorpio Tankers from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. B. Riley Financial restated a “buy” rating on shares of Scorpio Tankers in a research report on Friday, February 13th. Evercore set a $96.00 price target on Scorpio Tankers in a report on Tuesday, May 5th. BTIG Research increased their price target on Scorpio Tankers from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Dnb Carnegie cut Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.17.

Scorpio Tankers Price Performance

Scorpio Tankers stock opened at $82.55 on Friday. Scorpio Tankers Inc. has a 1 year low of $37.96 and a 1 year high of $87.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 13.87 and a current ratio of 13.98. The firm has a 50 day moving average price of $76.16 and a 200 day moving average price of $65.99. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 8.12 and a beta of -0.24.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings results on Wednesday, May 6th. The shipping company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.23. The company had revenue of $312.86 million for the quarter, compared to the consensus estimate of $286.81 million. Scorpio Tankers had a net margin of 48.44% and a return on equity of 11.72%. Scorpio Tankers’s revenue was up 46.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. Sell-side analysts predict that Scorpio Tankers Inc. will post 11.44 earnings per share for the current year.

Scorpio Tankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. Scorpio Tankers’s dividend payout ratio (DPR) is presently 17.70%.

Scorpio Tankers Company Profile

Scorpio Tankers Inc (NYSE: STNG) is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability.

The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.