1 week Ago By ABMN Staff
Invesco Ltd. increased its position in Teekay Tankers Ltd. ( NYSE:TNK – Free Report ) by 5.
5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,324 shares of the shipping company’s stock after purchasing an additional 4,105 shares during the period. Invesco Ltd.
’s holdings in Teekay Tankers were worth $3,117,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently bought and sold shares of TNK. Steward Partners Investment Advisory LLC lifted its holdings in Teekay Tankers by 7.
3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company’s stock worth $168,000 after buying an additional 286 shares during the last quarter. Kendall Capital Management boosted its holdings in Teekay Tankers by 3.
3% in the fourth quarter. Kendall Capital Management now owns 17,965 shares of the shipping company’s stock worth $715,000 after purchasing an additional 580 shares during the period. R Squared Ltd bought a new stake in Teekay Tankers during the fourth quarter valued at $41,000.
Magnetar Financial LLC increased its stake in Teekay Tankers by 30.3% during the fourth quarter. Magnetar Financial LLC now owns 6,221 shares of the shipping company’s stock valued at $248,000 after purchasing an additional 1,445 shares during the last quarter.
Finally, Meeder Asset Management Inc. acquired a new stake in shares of Teekay Tankers during the fourth quarter worth $77,000. 52.
67% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on TNK. Evercore ISI lowered their price objective on shares of Teekay Tankers from $53.
00 to $51.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $55.
00 price target on shares of Teekay Tankers in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teekay Tankers presently has an average rating of “Moderate Buy” and a consensus target price of $50.
67. Teekay Tankers Trading Up 3.9 % NYSE TNK opened at $42.
32 on Monday. The company has a 50-day moving average price of $38.28 and a two-hundred day moving average price of $41.
63. Teekay Tankers Ltd. has a 52 week low of $33.
35 and a 52 week high of $74.20. The stock has a market cap of $1.
45 billion, a price-to-earnings ratio of 3.74 and a beta of -0.16.
Teekay Tankers ( NYSE:TNK – Get Free Report ) last posted its earnings results on Wednesday, February 19th. The shipping company reported $1.50 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 for the quarter, compared to analysts’ expectations of $158.26 million. As a group, equities research analysts expect that Teekay Tankers Ltd.
will post 7.13 earnings per share for the current fiscal year. Teekay Tankers Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 14th.
Investors of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd.
This represents a $1.00 dividend on an annualized basis and a yield of 2.36%.
Teekay Tankers’s dividend payout ratio is presently 8.83%. About Teekay Tankers ( 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. Read More Want to see what other hedge funds are holding TNK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Teekay Tankers Ltd. ( NYSE:TNK – Free Report ). Receive News & Ratings for Teekay Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Tankers and related companies with MarketBeat.
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