American Century Companies Inc. Has $36.39 Million Stake in Teekay Tankers Ltd. (NYSE:TNK)

American Century Companies Inc. raised its stake in shares of Teekay Tankers Ltd. (NYSE:TNK - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 914,657 shares of the shipping company's stock after purchasing an additional 66,332 shares during the quarter. American Century Companies Inc. owned 2.67% of Teekay Tankers worth $36,394,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. FMR LLC increased its stake in Teekay Tankers by 9.2% during the third quarter. FMR LLC now owns 1,480,670 shares of the shipping company's stock valued at $86,249,000 after acquiring an additional 124,659 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Teekay Tankers by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 906,700 shares of the shipping company's stock worth $52,815,000 after purchasing an additional 80,217 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Teekay Tankers by 0.8% during the third quarter. Geode Capital Management LLC now owns 317,987 shares of the shipping company's stock valued at $18,542,000 after purchasing an additional 2,403 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Teekay Tankers by 31.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 306,732 shares of the shipping company's stock valued at $17,867,000 after purchasing an additional 72,798 shares in the last quarter. Finally, Royce & Associates LP bought a new position in Teekay Tankers in the fourth quarter worth $8,980,000. Institutional investors and hedge funds own 52.67% of the company's stock.

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Teekay Tankers Stock Performance

Shares of TNK stock traded up $0.19 during trading hours on Tuesday, hitting $38.46. The company had a trading volume of 259,888 shares, compared to its average volume of 355,545. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 3.40 and a beta of -0.44. Teekay Tankers Ltd. has a 12 month low of $35.23 and a 12 month high of $74.20. The firm's fifty day moving average is $39.74 and its 200 day moving average is $44.41.

Teekay Tankers (NYSE:TNK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.01. The firm had revenue of $163.42 million for the quarter, compared to analysts' expectations of $158.26 million. Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. On average, sell-side analysts expect that Teekay Tankers Ltd. will post 7.13 EPS for the current fiscal year.

Teekay Tankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.60%. The ex-dividend date was Monday, March 3rd. Teekay Tankers's dividend payout ratio is currently 8.83%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price target on shares of Teekay Tankers in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.00.

About Teekay Tankers

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.