1,869 Shares in Scorpio Tankers Inc. (NYSE:STNG) Bought by Bfsg LLC

Bfsg LLC purchased a new position in Scorpio Tankers Inc. (NYSE:STNG) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,869 shares of the shipping company’s stock, valued at approximately $114,000.

Other large investors also recently bought and sold shares of the company. Neo Ivy Capital Management purchased a new position in Scorpio Tankers during the third quarter worth $27,000. CWM LLC boosted its stake in Scorpio Tankers by 1,037.0% during the third quarter. CWM LLC now owns 523 shares of the shipping company’s stock worth $28,000 after buying an additional 477 shares during the period. Headinvest LLC purchased a new position in Scorpio Tankers during the third quarter worth $51,000. Sunbelt Securities Inc. purchased a new position in Scorpio Tankers during the third quarter worth $54,000. Finally, U S Global Investors Inc. boosted its stake in shares of Scorpio Tankers by 14.5% during the fourth quarter. U S Global Investors Inc. now owns 1,741 shares of the shipping company’s stock valued at $106,000 after purchasing an additional 220 shares during the period. Institutional investors own 54.64% of the company’s stock.

Scorpio Tankers Stock Up 0.4 %

NYSE STNG traded up $0.28 during trading on Thursday, reaching $71.12. 67,513 shares of the company’s stock traded hands, compared to its average volume of 1,139,810. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.13 and a quick ratio of 1.12. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 7.13 and a beta of 0.21. The company’s 50 day simple moving average is $69.92 and its two-hundred day simple moving average is $63.56. Scorpio Tankers Inc. has a 12-month low of $40.34 and a 12-month high of $74.04.

Scorpio Tankers (NYSE:STNG) last posted its earnings results on Wednesday, February 14th. The shipping company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.13. The business had revenue of $336.30 million for the quarter, compared to the consensus estimate of $335.70 million. Scorpio Tankers had a net margin of 40.78% and a return on equity of 22.86%. The company’s revenue for the quarter was down 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 EPS. As a group, sell-side analysts forecast that Scorpio Tankers Inc. will post 12.38 EPS for the current fiscal year.

Scorpio Tankers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were given a dividend of $0.40 per share. This is a boost from Scorpio Tankers’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. Scorpio Tankers’s dividend payout ratio is presently 16.10%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on STNG shares. Evercore ISI boosted their target price on shares of Scorpio Tankers from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Jefferies Financial Group reissued a “buy” rating and set a $90.00 target price on shares of Scorpio Tankers in a research note on Wednesday, February 14th. StockNews.com lowered shares of Scorpio Tankers from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Scorpio Tankers from $85.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.00.

Scorpio Tankers Company 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.