Yaupon Capital Management LP Invests $12.59 Million in Tenaris S.A. (NYSE:TS)

Yaupon Capital Management LP bought a new position in shares of Tenaris S.A. (NYSE:TS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 333,259 shares of the industrial products company's stock, valued at approximately $12,594,000. Yaupon Capital Management LP owned 0.06% of Tenaris at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Tenaris during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC lifted its holdings in shares of Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock worth $35,000 after acquiring an additional 548 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Tenaris by 78.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock worth $41,000 after acquiring an additional 478 shares in the last quarter. Headlands Technologies LLC bought a new position in Tenaris in the fourth quarter valued at $42,000. Finally, Smartleaf Asset Management LLC raised its position in Tenaris by 291.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 1,284 shares in the last quarter. 10.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TS shares. Bank of America cut Tenaris from a "neutral" rating to an "underperform" rating in a report on Wednesday, January 29th. Barclays boosted their price objective on shares of Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Stifel Nicolaus reduced their target price on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Kepler Capital Markets downgraded shares of Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. Finally, Piper Sandler raised their price objective on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $47.00.

Tenaris Stock Up 1.3 %

Shares of TS traded up $0.43 during mid-day trading on Thursday, hitting $33.41. 2,254,160 shares of the company's stock traded hands, compared to its average volume of 1,790,416. The business's 50-day moving average price is $36.26 and its 200-day moving average price is $36.60. Tenaris S.A. has a 1 year low of $27.24 and a 1 year high of $40.87. The firm has a market capitalization of $19.42 billion, a P/E ratio of 9.25 and a beta of 1.21.

Tenaris (NYSE:TS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.63 by $0.31. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. Sell-side analysts anticipate that Tenaris S.A. will post 3.14 earnings per share for the current fiscal year.

Tenaris Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.56 per share. This is a boost from Tenaris's previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris's payout ratio is presently 31.02%.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.