Sei Investments Co. Raises Stock Position in Scorpio Tankers Inc. $STNG

Sei Investments Co. lifted its position in Scorpio Tankers Inc. (NYSE:STNG) by 47.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,751 shares of the shipping company’s stock after purchasing an additional 38,216 shares during the quarter. Sei Investments Co.’s holdings in Scorpio Tankers were worth $8,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in STNG. Assetmark Inc. purchased a new stake in Scorpio Tankers in the first quarter valued at approximately $28,000. Root Financial Partners LLC grew its stake in Scorpio Tankers by 193.9% in the 1st quarter. Root Financial Partners LLC now owns 526 shares of the shipping company’s stock worth $39,000 after buying an additional 347 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Scorpio Tankers by 1,645.2% in the 4th quarter. Global Retirement Partners LLC now owns 541 shares of the shipping company’s stock worth $27,000 after buying an additional 510 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Scorpio Tankers in the 4th quarter worth $29,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Scorpio Tankers during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 54.64% of the company’s stock.

Scorpio Tankers Price Performance

Shares of Scorpio Tankers stock opened at $77.63 on Friday. The company’s fifty day simple moving average is $76.89 and its two-hundred day simple moving average is $74.04. Scorpio Tankers Inc. has a 12-month low of $43.78 and a 12-month high of $87.39. The firm has a market cap of $3.91 billion, a PE ratio of 4.85 and a beta of -0.24. The company has a quick ratio of 13.87, a current ratio of 13.98 and a debt-to-equity ratio of 0.16.

Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings data on Thursday, July 30th. The shipping company reported $4.68 EPS for the quarter, beating the consensus estimate of $4.56 by $0.12. The firm had revenue of $408.73 million during the quarter, compared to the consensus estimate of $398.25 million. Scorpio Tankers had a net margin of 67.16% and a return on equity of 16.95%. The company’s quarterly revenue was up 77.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. As a group, equities analysts expect that Scorpio Tankers Inc. will post 11.18 EPS for the current year.

Scorpio Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.45 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.80 annualized dividend and a yield of 2.3%. Scorpio Tankers’s dividend payout ratio (DPR) is 17.70%.

Wall Street Analysts Forecast Growth

STNG has been the topic of a number of research reports. Zacks Research downgraded Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group initiated coverage on shares of Scorpio Tankers in a research note on Friday, April 24th. They issued a “buy” rating and a $90.00 price objective for the company. Evercore reissued an “outperform” rating and issued a $94.00 price target on shares of Scorpio Tankers in a research note on Wednesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Scorpio Tankers in a research report on Thursday, June 18th. Finally, Morgan Stanley set a $82.00 price objective on Scorpio Tankers and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Scorpio Tankers presently has a consensus rating of “Hold” and an average price target of $88.14.

More Scorpio Tankers News

Here are the key news stories impacting Scorpio Tankers this week:

• Positive Sentiment: Adjusted earnings and revenue topped expectations. Q2 adjusted diluted EPS was $4.68, above the $4.51 consensus estimate, while revenue reached $408.7 million versus expectations of $398.3 million. Adjusted net income rose to $243.7 million from $67.8 million a year earlier. Scorpio Tankers Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Operating performance improved sharply. Average daily time-charter-equivalent revenue more than doubled to $52,661 from $25,569, lifting adjusted EBITDA to $300.5 million from $144.5 million. Management attributed the stronger market to longer voyages and trade disruptions related to the Middle East conflict. Scorpio Tankers Q2 Results and Dividend
• Positive Sentiment: Liquidity and capital returns remain attractive. Scorpio Tankers reported approximately $2.0 billion in unrestricted cash, reduced gross debt through vessel sales and repayments, repurchased shares, and declared a $0.45 quarterly dividend payable August 31 to shareholders of record August 17.
• Positive Sentiment: Forward revenue visibility is improving. The company secured three-year time charters for three MR tankers at $23,900-$25,000 per day and continues investing in scrubber-fitted LR2, MR and VLCC newbuildings.
• Neutral Sentiment: Reported net income was boosted by nonrecurring items. Q2 net income of $387.5 million included a $154.1 million vessel-sale gain and a $13.8 million fair-value gain, making adjusted results more relevant for assessing recurring profitability.
• Negative Sentiment: Market and dilution risks remain. Spot rates declined from record highs late in the quarter, while the $605 million convertible-note issuance may dilute shareholders if converted. Higher general and administrative and vessel operating costs also offset part of the benefit from stronger freight rates.

Scorpio Tankers Profile

Scorpio Tankers Inc (NYSE: STNG) is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability.

The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.