Unison Advisors LLC Purchases Shares of 13,063 Scorpio Tankers Inc. $STNG

Unison Advisors LLC purchased a new stake in shares of Scorpio Tankers Inc. (NYSE:STNG) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 13,063 shares of the shipping company’s stock, valued at approximately $664,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Scorpio Tankers by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,500 shares of the shipping company’s stock valued at $996,000 after purchasing an additional 1,144 shares in the last quarter. Intech Investment Management LLC grew its stake in Scorpio Tankers by 9.4% in the 1st quarter. Intech Investment Management LLC now owns 32,478 shares of the shipping company’s stock worth $1,221,000 after buying an additional 2,802 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Scorpio Tankers by 11.2% in the 2nd quarter. Legal & General Group Plc now owns 9,985 shares of the shipping company’s stock worth $391,000 after buying an additional 1,005 shares during the last quarter. Norges Bank bought a new position in shares of Scorpio Tankers in the 2nd quarter worth $3,194,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Scorpio Tankers by 593.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,807 shares of the shipping company’s stock valued at $110,000 after buying an additional 2,402 shares in the last quarter. Hedge funds and other institutional investors own 54.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on STNG shares. Dnb Carnegie downgraded shares of Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Moffett Nathanson raised Scorpio Tankers to a “neutral” rating in a research note on Monday, January 12th. BTIG Research raised their price target on Scorpio Tankers from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. B. Riley Financial reaffirmed a “buy” rating on shares of Scorpio Tankers in a research note on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Scorpio Tankers in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Scorpio Tankers has a consensus rating of “Moderate Buy” and an average target price of $80.50.

Scorpio Tankers Price Performance

STNG opened at $76.33 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 9.33 and a quick ratio of 9.23. The stock’s 50 day simple moving average is $70.86 and its 200 day simple moving average is $61.81. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 10.80 and a beta of -0.32. Scorpio Tankers Inc. has a 1 year low of $30.63 and a 1 year high of $81.85.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Friday, February 13th. The shipping company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.25. Scorpio Tankers had a return on equity of 8.85% and a net margin of 36.70%.The firm had revenue of $252.65 million during the quarter, compared to the consensus estimate of $238.93 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue was up 23.8% on a year-over-year basis. As a group, analysts predict that Scorpio Tankers Inc. will post 5.29 earnings per share for the current year.

Scorpio Tankers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from Scorpio Tankers’s previous quarterly dividend of $0.42. Scorpio Tankers’s dividend payout ratio is currently 25.46%.

Scorpio Tankers Company 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.