AQR Capital Management LLC Has $15.02 Million Stock Position in Scorpio Tankers Inc. (NYSE:STNG)

AQR Capital Management LLC reduced its holdings in Scorpio Tankers Inc. (NYSE:STNG) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,787 shares of the shipping company’s stock after selling 7,960 shares during the period. AQR Capital Management LLC owned approximately 0.35% of Scorpio Tankers worth $15,021,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Epoch Investment Partners Inc. grew its stake in shares of Scorpio Tankers by 0.7% in the fourth quarter. Epoch Investment Partners Inc. now owns 22,685 shares of the shipping company’s stock worth $1,379,000 after acquiring an additional 150 shares during the last quarter. AlphaMark Advisors LLC grew its position in Scorpio Tankers by 5.9% in the 1st quarter. AlphaMark Advisors LLC now owns 5,008 shares of the shipping company’s stock worth $358,000 after purchasing an additional 281 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Scorpio Tankers by 970.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 321 shares of the shipping company’s stock worth $25,000 after purchasing an additional 291 shares during the period. Fifth Third Bancorp increased its holdings in shares of Scorpio Tankers by 319.0% during the 2nd quarter. Fifth Third Bancorp now owns 419 shares of the shipping company’s stock worth $34,000 after purchasing an additional 319 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Scorpio Tankers by 5.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 6,679 shares of the shipping company’s stock valued at $543,000 after buying an additional 334 shares during the period. 54.64% of the stock is currently owned by institutional investors and hedge funds.

Scorpio Tankers Stock Down 0.0 %

Shares of NYSE:STNG opened at $71.27 on Wednesday. The company’s fifty day moving average is $71.53 and its 200-day moving average is $74.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.63 and a current ratio of 2.67. Scorpio Tankers Inc. has a 52 week low of $47.88 and a 52 week high of $84.67. The company has a market capitalization of $3.79 billion, a PE ratio of 6.61, a P/E/G ratio of 1.96 and a beta of 0.16.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings results on Tuesday, July 30th. The shipping company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.08. The firm had revenue of $380.70 million for the quarter, compared to analyst estimates of $368.62 million. Scorpio Tankers had a net margin of 47.36% and a return on equity of 23.83%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 earnings per share. Equities research analysts predict that Scorpio Tankers Inc. will post 12.71 earnings per share for the current fiscal year.

Scorpio Tankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 15th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. Scorpio Tankers’s dividend payout ratio (DPR) is presently 14.84%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Fearnley Fonds raised Scorpio Tankers to a “hold” rating in a report on Friday, September 27th. Bank of America decreased their price target on shares of Scorpio Tankers from $85.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. StockNews.com cut shares of Scorpio Tankers from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Stifel Nicolaus lifted their target price on shares of Scorpio Tankers from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $90.00 target price on shares of Scorpio Tankers in a research note on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $88.80.

About Scorpio Tankers

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.