Y Intercept Hong Kong Ltd Buys 7,793 Shares of Scorpio Tankers Inc. (NYSE:STNG)

Y Intercept Hong Kong Ltd increased its holdings in Scorpio Tankers Inc. (NYSE:STNG - Free Report) by 40.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,190 shares of the shipping company's stock after purchasing an additional 7,793 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.05% of Scorpio Tankers worth $1,351,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mountaineer Partners Management LLC raised its holdings in Scorpio Tankers by 6,926.8% during the 3rd quarter. Mountaineer Partners Management LLC now owns 8,371,832 shares of the shipping company's stock valued at $596,912,000 after buying an additional 8,252,691 shares during the last quarter. Geode Capital Management LLC raised its holdings in Scorpio Tankers by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 768,129 shares of the shipping company's stock valued at $54,768,000 after buying an additional 38,599 shares during the last quarter. Fiera Capital Corp raised its holdings in Scorpio Tankers by 1.6% during the 3rd quarter. Fiera Capital Corp now owns 351,456 shares of the shipping company's stock valued at $25,059,000 after buying an additional 5,531 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Scorpio Tankers by 882.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 201,653 shares of the shipping company's stock valued at $10,020,000 after buying an additional 181,135 shares during the last quarter. Finally, TCW Group Inc. raised its holdings in Scorpio Tankers by 8.2% during the 4th quarter. TCW Group Inc. now owns 190,692 shares of the shipping company's stock valued at $9,475,000 after buying an additional 14,500 shares during the last quarter. Hedge funds and other institutional investors own 54.64% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group restated a "buy" rating and issued a $75.00 price objective on shares of Scorpio Tankers in a report on Thursday, February 13th. Stifel Nicolaus decreased 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Scorpio Tankers presently has an average rating of "Hold" and a consensus price target of $68.75.

Scorpio Tankers Stock Up 1.0 %

Shares of Scorpio Tankers stock traded up $0.38 during trading on Friday, hitting $39.81. The company's stock had a trading volume of 1,329,330 shares, compared to its average volume of 1,050,096. 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 fifty day simple moving average of $48.11 and a two-hundred day simple moving average of $57.31. The company has a market capitalization of $2.01 billion, a PE ratio of 3.05 and a beta of 0.08. Scorpio Tankers Inc. has a 52 week low of $38.55 and a 52 week high of $84.67.

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

Scorpio Tankers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Friday, March 7th. Scorpio Tankers's dividend payout ratio (DPR) is 12.27%.

Scorpio Tankers 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.