BNP Paribas Financial Markets Increases Stock Position in Okeanis Eco Tankers Corp. (NYSE:ECO)

BNP Paribas Financial Markets lifted its holdings in Okeanis Eco Tankers Corp. (NYSE:ECO) by 409.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,252 shares of the company’s stock after buying an additional 16,280 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of Okeanis Eco Tankers worth $661,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of Okeanis Eco Tankers during the 2nd quarter valued at about $247,000. Acadian Asset Management LLC bought a new stake in Okeanis Eco Tankers during the second quarter valued at approximately $370,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Okeanis Eco Tankers during the second quarter valued at approximately $1,767,000. Lighthouse Investment Partners LLC bought a new position in Okeanis Eco Tankers in the second quarter worth approximately $2,086,000. Finally, Hsbc Holdings PLC raised its position in Okeanis Eco Tankers by 123.9% in the second quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock worth $5,692,000 after acquiring an additional 98,528 shares during the period.

Okeanis Eco Tankers Stock Performance

Shares of NYSE ECO opened at $19.19 on Friday. The firm’s fifty day moving average is $26.74 and its two-hundred day moving average is $30.01. Okeanis Eco Tankers Corp. has a 52-week low of $18.99 and a 52-week high of $36.69. The company has a market cap of $617.80 million and a P/E ratio of 5.29. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.34 and a current ratio of 1.69.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The company had revenue of $84.93 million during the quarter, compared to the consensus estimate of $74.61 million. As a group, analysts anticipate that Okeanis Eco Tankers Corp. will post 3.19 EPS for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 9.38%. The ex-dividend date was Monday, November 18th. Okeanis Eco Tankers’s payout ratio is 48.48%.

Okeanis Eco Tankers Profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.