JPMorgan Chase & Co. Has $6.49 Million Position in Teekay Co. (NYSE:TK)

JPMorgan Chase & Co. lifted its holdings in Teekay Co. (NYSE:TK) by 108.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 705,374 shares of the shipping company’s stock after purchasing an additional 367,527 shares during the quarter. JPMorgan Chase & Co. owned about 0.77% of Teekay worth $6,489,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Point72 DIFC Ltd raised its stake in shares of Teekay by 885.2% in the 2nd quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 4,311 shares during the period. Quarry LP raised its position in Teekay by 90.6% in the 2nd quarter. Quarry LP now owns 8,415 shares of the shipping company’s stock valued at $75,000 after buying an additional 4,000 shares during the last quarter. MML Investors Services LLC bought a new stake in Teekay in the 3rd quarter valued at approximately $100,000. PDT Partners LLC acquired a new position in Teekay during the 3rd quarter worth approximately $141,000. Finally, Aristides Capital LLC bought a new position in shares of Teekay during the 2nd quarter worth approximately $180,000. 46.73% of the stock is owned by institutional investors.

Teekay Stock Up 0.6 %

Shares of TK stock opened at $7.80 on Thursday. Teekay Co. has a 12 month low of $5.98 and a 12 month high of $9.95. The company’s fifty day simple moving average is $7.15 and its 200-day simple moving average is $7.95. The firm has a market cap of $716.32 million, a PE ratio of 5.20 and a beta of 0.54.

Teekay Announces Dividend

The firm also recently declared a — dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, December 4th. Teekay’s dividend payout ratio (DPR) is presently 16.67%.

About Teekay

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.