WINTON GROUP Ltd Buys Shares of 6,900 Scorpio Tankers Inc. $STNG

WINTON GROUP Ltd bought a new stake in Scorpio Tankers Inc. (NYSE:STNG) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 6,900 shares of the shipping company’s stock, valued at approximately $478,000.

A number of other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP increased its position in shares of Scorpio Tankers by 414.9% during the fourth quarter. GSA Capital Partners LLP now owns 63,171 shares of the shipping company’s stock worth $3,211,000 after purchasing an additional 50,902 shares in the last quarter. Sei Investments Co. lifted its holdings in Scorpio Tankers by 47.5% in the 1st quarter. Sei Investments Co. now owns 118,751 shares of the shipping company’s stock valued at $8,865,000 after purchasing an additional 38,216 shares in the last quarter. Bank of America Corp DE boosted its stake in Scorpio Tankers by 9.3% during the 1st quarter. Bank of America Corp DE now owns 244,364 shares of the shipping company’s stock worth $18,244,000 after purchasing an additional 20,878 shares during the last quarter. Jennison Associates LLC acquired a new stake in Scorpio Tankers during the 1st quarter worth $1,161,000. Finally, Integrated Advisors Network LLC purchased a new stake in shares of Scorpio Tankers during the first quarter worth $2,527,000. 54.64% of the stock is owned by institutional investors and hedge funds.

Scorpio Tankers Stock Up 0.3%

Shares of NYSE:STNG opened at $85.71 on Wednesday. Scorpio Tankers Inc. has a 52-week low of $48.93 and a 52-week high of $87.39. The stock has a market cap of $4.32 billion, a P/E ratio of 5.35 and a beta of -0.22. The business has a fifty day moving average of $78.85 and a two-hundred day moving average of $77.39. The company has a quick ratio of 6.89, a current ratio of 6.93 and a debt-to-equity ratio of 0.14.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings results on Thursday, July 30th. The shipping company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.56 by $0.12. The business had revenue of $408.73 million for the quarter, compared to analyst estimates of $398.25 million. Scorpio Tankers had a return on equity of 16.43% and a net margin of 67.16%.The company’s quarterly revenue was up 77.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 EPS. On average, research analysts expect that Scorpio Tankers Inc. will post 11.21 earnings per share for the current year.

Scorpio Tankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, August 17th. Scorpio Tankers’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Upgrades and Downgrades

STNG has been the subject of a number of recent research reports. Morgan Stanley set a $86.00 target price on shares of Scorpio Tankers in a research report on Tuesday, August 18th. Zacks Research lowered shares of Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Wall Street Zen cut shares of Scorpio Tankers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Scorpio Tankers in a report on Thursday, June 18th. Finally, Evercore reissued an “outperform” rating and issued a $94.00 target price on shares of Scorpio Tankers in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $90.14.

About Scorpio Tankers

Scorpio Tankers Inc is a marine transportation company that owns, operates and manages a fleet of product tankers. The company transports refined petroleum products, including gasoline, diesel, jet fuel and heating oil, as well as certain petrochemical feedstocks, for energy companies, commodity traders and other commercial customers.

Scorpio Tankers’ fleet has included medium-range, long-range and handymax product tankers, which serve different trade routes and cargo requirements. Its vessels operate internationally, carrying refined petroleum products between major refining, storage and consumption centers across regions including the Americas, Europe, the Middle East and Asia.

The company was established in 2009 and is headquartered in Monaco.