Okeanis Eco Tankers Corp. $ECO Shares Sold by Graham Capital Wealth Management LLC

Graham Capital Wealth Management LLC reduced its position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) by 34.3% during the third quarter, Holdings Channel reports. The institutional investor owned 45,318 shares of the company’s stock after selling 23,630 shares during the period. Okeanis Eco Tankers comprises about 2.9% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 10th largest holding. Graham Capital Wealth Management LLC’s holdings in Okeanis Eco Tankers were worth $3,665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new stake in Okeanis Eco Tankers in the third quarter valued at approximately $43,000. Samalin Investment Counsel LLC bought a new stake in shares of Okeanis Eco Tankers during the third quarter valued at approximately $1,011,000. Inspire Investing LLC acquired a new position in shares of Okeanis Eco Tankers during the third quarter worth approximately $2,339,000. U S Global Investors Inc. acquired a new position in shares of Okeanis Eco Tankers during the third quarter worth approximately $1,000,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Okeanis Eco Tankers by 48,800.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 978 shares of the company’s stock worth $79,000 after purchasing an additional 976 shares in the last quarter.

Okeanis Eco Tankers Price Performance

Shares of Okeanis Eco Tankers stock opened at $92.95 on Wednesday. Okeanis Eco Tankers Corp. has a 52 week low of $31.75 and a 52 week high of $100.68. The business has a 50 day moving average price of $80.20 and a 200-day moving average price of $57.93.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Wednesday, August 5th. The company reported $5.91 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $1.30. The company had revenue of $268.14 million during the quarter, compared to the consensus estimate of $220.28 million. As a group, equities research analysts expect that Okeanis Eco Tankers Corp. will post 15.33 EPS for the current year.

Okeanis Eco Tankers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 14th were issued a dividend of $5.25 per share. This represents a $21.00 annualized dividend and a yield of 22.6%. This is an increase from Okeanis Eco Tankers’s previous quarterly dividend of $2.00. The ex-dividend date was Friday, August 14th.

Insider Buying and Selling

In other Okeanis Eco Tankers news, Director Financial Lp Qvt sold 68,420 shares of Okeanis Eco Tankers stock in a transaction on Friday, August 14th. The shares were sold at an average price of $59.99, for a total transaction of $4,104,515.80. Following the transaction, the director directly owned 1,347,038 shares of the company’s stock, valued at $80,808,809.62. The trade was a 4.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

A number of analysts have commented on ECO shares. Weiss Ratings upgraded shares of Okeanis Eco Tankers from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 9th. Zacks Research downgraded shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. B. Riley Financial raised their price objective on shares of Okeanis Eco Tankers from $75.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.85.

Okeanis Eco Tankers Profile

Okeanis Eco Tankers Corp. is a maritime transportation company that owns and operates oceangoing tankers. The company focuses primarily on the transportation of crude oil and refined petroleum products for energy companies, commodity traders and other customers in the global oil industry.

Its fleet consists mainly of large crude carriers, including very large crude carriers (VLCCs) and Suezmax tankers, as well as product tankers designed to transport refined petroleum products. Okeanis Eco Tankers emphasizes fuel efficiency and environmental performance through the use of modern vessels and technologies intended to reduce emissions and operating consumption.

Okeanis Eco Tankers was established in 2018 and is headquartered in Athens, Greece.