Scorpio Tankers Inc. (NYSE:STNG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in Scorpio Tankers Inc. (NYSE:STNG) by 171.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,696 shares of the shipping company’s stock after purchasing an additional 90,217 shares during the period. Victory Capital Management Inc. owned about 0.28% of Scorpio Tankers worth $7,091,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mountaineer Partners Management LLC boosted its holdings in shares of Scorpio Tankers by 6,926.8% in the third quarter. Mountaineer Partners Management LLC now owns 8,371,832 shares of the shipping company’s stock worth $596,912,000 after buying an additional 8,252,691 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Scorpio Tankers by 882.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 201,653 shares of the shipping company’s stock worth $10,020,000 after buying an additional 181,135 shares during the period. Barclays PLC boosted its holdings in shares of Scorpio Tankers by 873.6% in the third quarter. Barclays PLC now owns 188,195 shares of the shipping company’s stock worth $13,418,000 after buying an additional 168,866 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Scorpio Tankers in the third quarter worth about $8,459,000. Finally, Empowered Funds LLC acquired a new position in shares of Scorpio Tankers in the fourth quarter worth about $5,621,000. Institutional investors and hedge funds own 54.64% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $75.00 price target on shares of Scorpio Tankers in a report on Thursday, February 13th. Stifel Nicolaus decreased their price target on shares of Scorpio Tankers from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.75.

Scorpio Tankers Stock Up 2.1 %

Shares of NYSE STNG opened at $39.57 on Friday. The firm’s 50-day simple moving average is $46.03 and its 200 day simple moving average is $55.13. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 3.03 and a beta of 0.01. The company has a quick ratio of 2.39, a current ratio of 2.43 and a debt-to-equity ratio of 0.25. Scorpio Tankers Inc. has a 12-month low of $37.14 and a 12-month high of $84.67.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Wednesday, February 12th. The shipping company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). Scorpio Tankers had a return on equity of 18.01% and a net margin of 53.76%. On average, research analysts expect that Scorpio Tankers Inc. will post 5.29 earnings per share for the current fiscal year.

Scorpio Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Friday, March 7th. Scorpio Tankers’s payout ratio is 12.27%.

Scorpio Tankers Profile

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.