Fox Run Management L.L.C. Invests $934,000 in Scorpio Tankers Inc. (NYSE:STNG)

Fox Run Management L.L.C. purchased a new position in shares of Scorpio Tankers Inc. (NYSE:STNG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,800 shares of the shipping company's stock, valued at approximately $934,000.

Several other hedge funds have also recently bought and sold shares of the company. U S Global Investors Inc. boosted its stake in Scorpio Tankers by 4.4% during the fourth quarter. U S Global Investors Inc. now owns 5,092 shares of the shipping company's stock valued at $253,000 after buying an additional 215 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in Scorpio Tankers by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 12,103 shares of the shipping company's stock worth $863,000 after acquiring an additional 252 shares during the period. Lindbrook Capital LLC increased its holdings 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 period. PNC Financial Services Group Inc. raised its holdings in shares of Scorpio Tankers by 40.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 929 shares of the shipping company's stock worth $46,000 after acquiring an additional 266 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Scorpio Tankers by 204.1% in the fourth 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. 54.64% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on STNG. Jefferies Financial Group reiterated a "buy" rating and issued a $75.00 price objective on shares of Scorpio Tankers in a research note on Thursday, February 13th. Stifel Nicolaus dropped their target price on shares of Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $68.75.

Scorpio Tankers Stock Performance

NYSE STNG traded down $1.27 on Thursday, hitting $38.01. 817,458 shares of the stock were exchanged, compared to its average volume of 825,819. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.43 and a quick ratio of 2.39. The company has a market capitalization of $1.92 billion, a PE ratio of 2.92 and a beta of 0.01. Scorpio Tankers Inc. has a 52 week low of $37.14 and a 52 week high of $84.67. The business's fifty day moving average is $43.88 and its 200 day moving average is $53.38.

Scorpio Tankers (NYSE:STNG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The shipping company reported $0.63 EPS 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%. Research analysts anticipate that Scorpio Tankers Inc. will post 5.29 EPS for the current fiscal year.

Scorpio Tankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.21%. Scorpio Tankers's payout ratio is 12.27%.

Scorpio Tankers Profile

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.