11,078 Shares in Teekay Tankers Ltd. $TNK Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in shares of Teekay Tankers Ltd. (NYSE:TNK) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,078 shares of the shipping company’s stock, valued at approximately $812,000.

Several other hedge funds have also bought and sold shares of TNK. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Teekay Tankers in the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Teekay Tankers in the 4th quarter worth approximately $33,000. Global Trust Asset Management LLC bought a new stake in shares of Teekay Tankers in the 1st quarter worth approximately $46,000. Leonteq Securities AG purchased a new stake in shares of Teekay Tankers in the 4th quarter worth approximately $34,000. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of Teekay Tankers by 2,948.6% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,067 shares of the shipping company’s stock worth $57,000 after buying an additional 1,032 shares during the last quarter. Institutional investors own 52.67% of the company’s stock.

Teekay Tankers Stock Down 0.1%

Shares of TNK opened at $75.75 on Monday. Teekay Tankers Ltd. has a twelve month low of $41.77 and a twelve month high of $83.99. The company has a market capitalization of $2.62 billion, a P/E ratio of 6.16 and a beta of -0.22. The firm has a 50 day moving average of $72.66 and a 200 day moving average of $71.32.

Teekay Tankers (NYSE:TNK) last released its quarterly earnings data on Tuesday, March 31st. The shipping company reported $3.69 earnings per share (EPS) for the quarter. Teekay Tankers had a return on equity of 16.34% and a net margin of 42.60%. On average, sell-side analysts expect that Teekay Tankers Ltd. will post 13.75 EPS for the current year.

Teekay Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 26th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Teekay Tankers’s dividend payout ratio (DPR) is 8.13%.

Insider Buying and Selling

In other Teekay Tankers news, Director David Schellenberg sold 7,031 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $71.53, for a total value of $502,927.43. Following the completion of the transaction, the director owned 7,445 shares of the company’s stock, valued at approximately $532,540.85. The trade was a 48.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

TNK has been the subject of a number of recent research reports. Bank of America lifted their price objective on Teekay Tankers from $69.00 to $75.00 and gave the company an “underperform” rating in a research note on Wednesday, May 20th. Evercore reissued an “outperform” rating on shares of Teekay Tankers in a research note on Wednesday. Weiss Ratings downgraded Teekay Tankers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen raised Teekay Tankers from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Zacks Research cut shares of Teekay Tankers from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.00.

Teekay Tankers Company Profile

Teekay Tankers Ltd is an oil tanker shipping company that owns and operates a fleet of modern crude oil and petroleum product tankers. Listed on the New York Stock Exchange under the ticker symbol TNK, the company provides seaborne transportation services for crude oil, refined petroleum products and petrochemicals. Its operations range across major global trade lanes, offering a mix of spot market voyages and time-charter contracts to a diverse customer base in the oil and energy sector.

The company’s fleet includes a mix of Medium Range (MR), Long Range (LR1 and LR2), Suezmax and Aframax tankers designed to meet various cargo specifications and port restrictions.