Barclays PLC Buys 23,051 Shares of Teekay Tankers Ltd. (NYSE:TNK)

Barclays PLC increased its position in Teekay Tankers Ltd. (NYSE:TNK - Free Report) by 273.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,472 shares of the shipping company's stock after buying an additional 23,051 shares during the quarter. Barclays PLC owned 0.09% of Teekay Tankers worth $1,833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TNK. Quarry LP bought a new position in Teekay Tankers during the 2nd quarter valued at approximately $43,000. CWM LLC raised its holdings in shares of Teekay Tankers by 96.8% during the third quarter. CWM LLC now owns 980 shares of the shipping company's stock valued at $57,000 after acquiring an additional 482 shares in the last quarter. Millburn Ridgefield Corp bought a new position in shares of Teekay Tankers during the third quarter valued at approximately $132,000. Ashton Thomas Private Wealth LLC purchased a new stake in Teekay Tankers in the second quarter worth $237,000. Finally, US Bancorp DE bought a new stake in Teekay Tankers in the third quarter valued at $231,000. 52.67% of the stock is currently owned by institutional investors.

Teekay Tankers Price Performance

NYSE TNK traded down $0.21 during trading hours on Friday, reaching $38.92. 294,983 shares of the company's stock traded hands, compared to its average volume of 358,262. Teekay Tankers Ltd. has a 52-week low of $36.04 and a 52-week high of $74.20. The firm has a 50-day simple moving average of $42.93 and a 200 day simple moving average of $54.22. The firm has a market cap of $1.33 billion, a PE ratio of 3.20, a PEG ratio of 1.13 and a beta of -0.39.

Teekay Tankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.57%. Teekay Tankers's payout ratio is 8.21%.

Analyst Ratings Changes

TNK has been the subject of several research reports. Fearnley Fonds upgraded shares of Teekay Tankers to a "strong-buy" rating in a report on Friday, September 27th. Jefferies Financial Group decreased their price target on shares of Teekay Tankers from $72.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. StockNews.com started coverage on Teekay Tankers in a research report on Thursday, October 10th. They set a "hold" rating on the stock. Finally, Bank of America reissued an "underperform" rating and issued a $46.00 target price (down previously from $51.00) on shares of Teekay Tankers in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Teekay Tankers has a consensus rating of "Moderate Buy" and an average target price of $63.67.

Teekay Tankers Profile

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.