JPMorgan Chase & Co. Has $1.01 Million Position in Okeanis Eco Tankers Corp. (NYSE:ECO)

JPMorgan Chase & Co. trimmed its holdings in shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 67.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,831 shares of the company's stock after selling 63,783 shares during the period. JPMorgan Chase & Co. owned approximately 0.10% of Okeanis Eco Tankers worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of Okeanis Eco Tankers in the third quarter worth $206,000. Marshall Wace LLP acquired a new position in Okeanis Eco Tankers in the 2nd quarter worth about $247,000. BBR Partners LLC purchased a new stake in shares of Okeanis Eco Tankers during the 3rd quarter worth about $326,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Okeanis Eco Tankers during the 3rd quarter valued at about $383,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Okeanis Eco Tankers by 409.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company's stock valued at $661,000 after buying an additional 16,280 shares in the last quarter.

Okeanis Eco Tankers Stock Down 3.0 %

NYSE:ECO traded down $0.71 during trading hours on Friday, reaching $22.84. The company's stock had a trading volume of 247,784 shares, compared to its average volume of 225,402. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34. The company has a market cap of $735.12 million and a price-to-earnings ratio of 6.29. Okeanis Eco Tankers Corp. has a one year low of $18.79 and a one year high of $36.69. The business's 50-day moving average is $21.97 and its 200-day moving average is $27.54.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The company had revenue of $84.93 million during the quarter, compared to the consensus estimate of $74.61 million. Equities research analysts predict that Okeanis Eco Tankers Corp. will post 3.13 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date was Monday, November 18th. Okeanis Eco Tankers's dividend payout ratio is 48.48%.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price objective on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th.

Okeanis Eco Tankers Profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.