Fuller & Thaler Asset Management Inc. Has $48.57 Million Stake in Teekay Tankers Ltd. (NYSE:TNK)

Fuller & Thaler Asset Management Inc. decreased its position in Teekay Tankers Ltd. (NYSE:TNK - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,220,676 shares of the shipping company's stock after selling 18,537 shares during the period. Fuller & Thaler Asset Management Inc. owned about 3.56% of Teekay Tankers worth $48,571,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Teekay Tankers in the fourth quarter valued at $41,000. Meeder Asset Management Inc. acquired a new position in shares of Teekay Tankers in the 4th quarter valued at $77,000. New Age Alpha Advisors LLC bought a new position in shares of Teekay Tankers during the 4th quarter worth about $132,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Teekay Tankers by 7.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company's stock worth $168,000 after acquiring an additional 286 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Teekay Tankers during the 4th quarter valued at about $234,000. Institutional investors own 52.67% of the company's stock.

Teekay Tankers Stock Up 3.9 %

NYSE:TNK traded up $1.58 on Friday, reaching $42.32. The stock had a trading volume of 714,046 shares, compared to its average volume of 376,159. The company has a market capitalization of $1.45 billion, a P/E ratio of 3.74 and a beta of -0.16. Teekay Tankers Ltd. has a 1-year low of $33.35 and a 1-year high of $74.20. The stock has a fifty day moving average price of $38.28 and a 200-day moving average price of $41.76.

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

Teekay Tankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. Teekay Tankers's dividend payout ratio (DPR) is presently 8.83%.

Analysts Set New Price Targets

TNK has been the subject of a number of analyst reports. Evercore ISI cut their price target on shares of Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group restated a "buy" rating and set a $55.00 target price on shares of Teekay Tankers in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.67.

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.