Oxford Asset Management LLP Invests $310,000 in Teekay Tankers Ltd. (NYSE:TNK)

Oxford Asset Management LLP bought a new position in Teekay Tankers Ltd. (NYSE:TNK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,798 shares of the shipping company's stock, valued at approximately $310,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Teekay Tankers during the 4th quarter valued at approximately $41,000. Meeder Asset Management Inc. acquired a new stake in Teekay Tankers during the 4th quarter valued at approximately $77,000. New Age Alpha Advisors LLC acquired a new stake in Teekay Tankers during the 4th quarter valued at approximately $132,000. Steward Partners Investment Advisory LLC increased its position in 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 valued at $168,000 after purchasing an additional 286 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Teekay Tankers during the 4th quarter valued at approximately $234,000. Institutional investors own 52.67% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $55.00 price objective on shares of Teekay Tankers in a research report on Thursday, February 20th. Evercore ISI reduced their price objective on shares of Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.

Teekay Tankers Trading Up 3.9 %

TNK opened at $42.32 on Monday. The company has a 50 day moving average of $38.28 and a 200 day moving average of $41.63. The company has a market cap of $1.45 billion, a PE ratio of 3.74 and a beta of -0.16. Teekay Tankers Ltd. has a 12 month low of $33.35 and a 12 month high of $74.20.

Teekay Tankers (NYSE:TNK - Get Free Report) last posted its earnings results on Wednesday, February 19th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $163.42 million for the quarter, compared to analysts' expectations of $158.26 million. Research analysts forecast that Teekay Tankers Ltd. will post 7.13 earnings per share for the current fiscal year.

Teekay Tankers Dividend Announcement

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

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.

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