O Shaughnessy Asset Management LLC Acquires Shares of 41,026 Teekay Tankers Ltd. (NYSE:TNK)

O Shaughnessy Asset Management LLC purchased a new stake in Teekay Tankers Ltd. (NYSE:TNK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 41,026 shares of the shipping company's stock, valued at approximately $1,632,000. O Shaughnessy Asset Management LLC owned approximately 0.12% of Teekay Tankers at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TNK. Hartree Partners LP acquired a new stake in Teekay Tankers in the 4th quarter valued at about $267,000. New Age Alpha Advisors LLC acquired a new stake in Teekay Tankers in the 4th quarter valued at about $132,000. Fox Run Management L.L.C. acquired a new stake in Teekay Tankers in the 4th quarter valued at about $583,000. American Century Companies Inc. raised its holdings in Teekay Tankers by 7.8% in the 4th quarter. American Century Companies Inc. now owns 914,657 shares of the shipping company's stock valued at $36,394,000 after acquiring an additional 66,332 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in Teekay Tankers by 492.1% in the 4th quarter. Quantbot Technologies LP now owns 57,135 shares of the shipping company's stock valued at $2,273,000 after acquiring an additional 47,485 shares during the last quarter. 52.67% of the stock is owned by hedge funds and other institutional investors.

Teekay Tankers Stock Performance

Shares of NYSE TNK traded down $0.85 during midday trading on Thursday, reaching $35.38. 87,447 shares of the stock were exchanged, compared to its average volume of 363,409. Teekay Tankers Ltd. has a twelve month low of $33.35 and a twelve month high of $74.20. The company has a 50 day simple moving average of $38.97 and a 200 day simple moving average of $43.45. The stock has a market capitalization of $1.21 billion, a P/E ratio of 3.13 and a beta of -0.16.

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

Teekay Tankers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 2.83%. Teekay Tankers's dividend payout ratio is currently 8.83%.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of Teekay Tankers in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Teekay Tankers currently has a consensus 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.