Scorpio Tankers Inc. (NYSE:STNG) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in Scorpio Tankers Inc. (NYSE:STNG - Free Report) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,558,402 shares of the shipping company's stock after purchasing an additional 153,267 shares during the period. American Century Companies Inc. owned 3.08% of Scorpio Tankers worth $77,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Scorpio Tankers by 204.1% during the fourth quarter. GAMMA Investing LLC now owns 599 shares of the shipping company's stock valued at $30,000 after buying an additional 402 shares during the period. Lindbrook Capital LLC increased its stake 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in Scorpio Tankers by 40.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 929 shares of the shipping company's stock worth $46,000 after purchasing an additional 266 shares during the period. EverSource Wealth Advisors LLC boosted its position in Scorpio Tankers by 850.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 979 shares of the shipping company's stock worth $49,000 after purchasing an additional 876 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Scorpio Tankers in the third quarter valued at approximately $68,000. Institutional investors own 54.64% of the company's stock.

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Scorpio Tankers Trading Up 0.5 %

Shares of NYSE STNG traded up $0.19 during trading on Friday, reaching $38.24. The stock had a trading volume of 1,265,900 shares, compared to its average volume of 860,503. The business's 50-day moving average price is $43.55 and its 200-day moving average price is $53.27. Scorpio Tankers Inc. has a fifty-two week low of $37.14 and a fifty-two week high of $84.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.39 and a current ratio of 2.43. The company has a market cap of $1.93 billion, a P/E ratio of 2.93 and a beta of 0.01.

Scorpio Tankers (NYSE:STNG - Get Free Report) last released its earnings results on Wednesday, February 12th. The shipping company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). Scorpio Tankers had a net margin of 53.76% and a return on equity of 18.01%. On average, equities research analysts predict that Scorpio Tankers Inc. will post 5.29 EPS for the current fiscal year.

Scorpio Tankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Friday, March 7th. Scorpio Tankers's payout ratio is presently 12.27%.

Analyst Ratings Changes

STNG has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $75.00 target price on shares of Scorpio Tankers in a research note on Thursday, February 13th. Stifel Nicolaus cut their price objective on shares of Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating for the company in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $68.75.

Scorpio Tankers Company 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.