Teekay Tankers Ltd. (NYSE:TNK) Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its stake in shares of Teekay Tankers Ltd. (NYSE:TNK) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 538,209 shares of the shipping company’s stock after acquiring an additional 1,218 shares during the quarter. Goldman Sachs Group Inc. owned about 1.58% of Teekay Tankers worth $26,894,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Teekay Tankers by 666.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the shipping company’s stock valued at $62,000 after buying an additional 1,300 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Teekay Tankers in the fourth quarter valued at approximately $80,000. Assetmark Inc. boosted its position in Teekay Tankers by 82.6% in the fourth quarter. Assetmark Inc. now owns 2,758 shares of the shipping company’s stock valued at $138,000 after buying an additional 1,248 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Teekay Tankers in the fourth quarter valued at approximately $219,000. Finally, Mackenzie Financial Corp purchased a new stake in Teekay Tankers in the fourth quarter valued at approximately $227,000. Hedge funds and other institutional investors own 52.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TNK shares. StockNews.com upgraded Teekay Tankers from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Bank of America upped their price objective on Teekay Tankers from $66.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Jefferies Financial Group upped their price objective on Teekay Tankers from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th.

Teekay Tankers Trading Up 2.3 %

Teekay Tankers stock opened at $69.66 on Monday. Teekay Tankers Ltd. has a 12 month low of $35.10 and a 12 month high of $74.20. The stock’s 50 day simple moving average is $65.93 and its two-hundred day simple moving average is $59.21. The firm has a market cap of $2.39 billion, a PE ratio of 4.93, a P/E/G ratio of 1.55 and a beta of -0.23.

Teekay Tankers (NYSE:TNK) last announced its earnings results on Thursday, May 9th. The shipping company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.16. Teekay Tankers had a return on equity of 30.73% and a net margin of 37.39%. The firm had revenue of $221.81 million for the quarter. On average, equities research analysts forecast that Teekay Tankers Ltd. will post 14.67 EPS for the current year.

Teekay Tankers Announces Dividend

The firm also recently announced a None dividend, which was paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a dividend yield of 1.5%. Teekay Tankers’s dividend payout ratio (DPR) is 7.07%.

Teekay Tankers Company 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.