1 week Ago By Defense World Staff
Invesco Ltd. increased its stake in shares of Teekay Tankers Ltd. (NYSE:TNK – Free Report) by 5.
5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,324 shares of the shipping company’s stock after purchasing an additional 4,105 shares during the quarter. Invesco Ltd.
owned approximately 0.23% of Teekay Tankers worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also recently added to or reduced their stakes in TNK.
Royce & Associates LP purchased a new stake in shares of Teekay Tankers during the fourth quarter worth about $8,980,000. Empowered Funds LLC acquired a new stake in Teekay Tankers during the fourth quarter worth approximately $7,248,000. Franklin Resources Inc.
purchased a new stake in Teekay Tankers in the 4th quarter worth approximately $5,131,000. Principal Financial Group Inc. raised its holdings in Teekay Tankers by 9.
7% in the 3rd quarter. Principal Financial Group Inc. now owns 906,700 shares of the shipping company’s stock valued at $52,815,000 after acquiring an additional 80,217 shares during the last quarter.
Finally, American Century Companies Inc. lifted its stake in shares of Teekay Tankers by 7.8% during the 4th quarter.
American Century Companies Inc. now owns 914,657 shares of the shipping company’s stock worth $36,394,000 after purchasing an additional 66,332 shares during the period. Institutional investors and hedge funds own 52.
67% of the company’s stock. Teekay Tankers Stock Up 3.9 %Teekay Tankers stock opened at $42.
32 on Monday. The firm has a fifty day moving average of $38.28 and a 200-day moving average of $41.
63. Teekay Tankers Ltd. has a 52-week low of $33.
35 and a 52-week high of $74.20. The firm has a market capitalization of $1.
45 billion, a P/E ratio of 3.74 and a beta of -0.16.
Teekay Tankers (NYSE:TNK – Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.
49 by $0.01. Teekay Tankers had a return on equity of 20.
67% and a net margin of 34.55%. The firm had revenue of $163.
42 million during the quarter, compared to the consensus estimate of $158.26 million. On average, research analysts expect that Teekay Tankers Ltd.
will post 7.13 EPS for the current fiscal year. Teekay Tankers Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Friday, March 14th.
Shareholders of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.
00 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Monday, March 3rd.
Teekay Tankers’s dividend payout ratio is presently 8.83%. Wall Street Analyst Weigh InSeveral equities analysts recently commented on TNK shares.
Evercore ISI dropped their target price on Teekay Tankers from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd.
Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of Teekay Tankers in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock.
Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.67.
View Our Latest Analysis on TNKTeekay Tankers Company Profile (Free Report)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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