Barclays PLC Lowers Position in Okeanis Eco Tankers Corp. (NYSE:ECO)

Barclays PLC decreased its stake in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) by 31.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,940 shares of the company’s stock after selling 49,385 shares during the period. Barclays PLC owned about 0.33% of Okeanis Eco Tankers worth $3,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ECO. Jane Street Group LLC purchased a new position in shares of Okeanis Eco Tankers in the 3rd quarter worth approximately $206,000. Marshall Wace LLP purchased a new position in Okeanis Eco Tankers in the second quarter worth $247,000. BBR Partners LLC bought a new position in Okeanis Eco Tankers in the 3rd quarter valued at $326,000. Acadian Asset Management LLC purchased a new stake in shares of Okeanis Eco Tankers during the 2nd quarter valued at $370,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Okeanis Eco Tankers during the 3rd quarter worth $383,000.

Okeanis Eco Tankers Price Performance

Shares of NYSE:ECO opened at $20.42 on Tuesday. Okeanis Eco Tankers Corp. has a fifty-two week low of $18.79 and a fifty-two week high of $36.69. The company’s 50-day moving average is $24.57 and its 200 day moving average is $29.16. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.34 and a current ratio of 1.69. The company has a market capitalization of $657.40 million and a P/E ratio of 5.63.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate 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 business had revenue of $84.93 million for the quarter, compared to the consensus estimate of $74.61 million. On average, equities research analysts forecast that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The firm also recently announced 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. The ex-dividend date was Monday, November 18th. This represents a $1.80 dividend on an annualized basis and a yield of 8.81%. Okeanis Eco Tankers’s dividend payout ratio is presently 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.