Scorpio Tankers Inc. (NYSE:STNG) Shares Purchased by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC boosted its position in shares of Scorpio Tankers Inc. (NYSE:STNG - Free Report) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,100 shares of the shipping company's stock after acquiring an additional 17,200 shares during the period. Ceredex Value Advisors LLC owned 0.24% of Scorpio Tankers worth $6,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in Scorpio Tankers by 204.1% during the 4th quarter. GAMMA Investing LLC now owns 599 shares of the shipping company's stock worth $30,000 after buying an additional 402 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Scorpio Tankers by 75.8% in the 4th quarter. Lindbrook Capital LLC now owns 610 shares of the shipping company's stock valued at $30,000 after purchasing an additional 263 shares during the last quarter. Covestor Ltd boosted its stake in Scorpio Tankers by 1,375.0% in the 4th quarter. Covestor Ltd now owns 826 shares of the shipping company's stock worth $41,000 after purchasing an additional 770 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Scorpio Tankers by 40.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 929 shares of the shipping company's stock worth $46,000 after purchasing an additional 266 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Scorpio Tankers by 850.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 979 shares of the shipping company's stock valued at $49,000 after purchasing an additional 876 shares in the last quarter. 54.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STNG has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating and set a $75.00 price objective on shares of Scorpio Tankers in a report on Thursday, February 13th. Stifel Nicolaus decreased their target price on Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating for the company in a report on Friday, February 14th. Finally, Evercore ISI cut their price target on shares of Scorpio Tankers from $64.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Scorpio Tankers has a consensus rating of "Hold" and an average price target of $63.75.

Scorpio Tankers Stock Performance

Shares of NYSE:STNG traded down $0.03 during trading on Tuesday, hitting $34.12. 121,943 shares of the stock traded hands, compared to its average volume of 881,773. The company has a quick ratio of 2.39, a current ratio of 2.43 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $38.45 and a two-hundred day moving average price of $48.50. Scorpio Tankers Inc. has a 52-week low of $30.63 and a 52-week high of $84.67. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 2.61 and a beta of -0.01.

Scorpio Tankers (NYSE:STNG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The shipping company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.08). Scorpio Tankers had a return on equity of 18.01% and a net margin of 53.76%. As a group, equities analysts predict that Scorpio Tankers Inc. will post 5.29 EPS for the current year.

Scorpio Tankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Friday, March 7th. Scorpio Tankers's dividend payout ratio (DPR) is presently 12.27%.

About Scorpio Tankers

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.