Maven Securities LTD acquired a new position in Teekay Tankers Ltd. (NYSE:TNK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,800 shares of the shipping company's stock, valued at approximately $231,000.
Other large investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its position in shares of Teekay Tankers by 7.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company's stock worth $168,000 after purchasing an additional 286 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Teekay Tankers by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,653 shares of the shipping company's stock worth $543,000 after purchasing an additional 494 shares in the last quarter. Kendall Capital Management increased its position in shares of Teekay Tankers by 3.3% during the fourth quarter. Kendall Capital Management now owns 17,965 shares of the shipping company's stock worth $715,000 after purchasing an additional 580 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Teekay Tankers by 7.0% during the fourth quarter. Sterling Capital Management LLC now owns 10,555 shares of the shipping company's stock worth $420,000 after purchasing an additional 686 shares in the last quarter. Finally, Ellevest Inc. increased its position in shares of Teekay Tankers by 14.4% during the fourth quarter. Ellevest Inc. now owns 5,704 shares of the shipping company's stock worth $227,000 after purchasing an additional 720 shares in the last quarter. Institutional investors own 52.67% of the company's stock.
Teekay Tankers Stock Performance
Shares of TNK opened at $45.72 on Thursday. The business's 50-day moving average is $39.71 and its two-hundred day moving average is $40.95. The company has a market capitalization of $1.57 billion, a P/E ratio of 4.04 and a beta of -0.10. Teekay Tankers Ltd. has a fifty-two week low of $33.35 and a fifty-two week high of $74.20.
Teekay Tankers (NYSE:TNK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The shipping company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.32). The company had revenue of $115.64 million for the quarter, compared to analyst estimates of $146.31 million. Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. Teekay Tankers's revenue for the quarter was down 37.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.23 earnings per share. Analysts forecast that Teekay Tankers Ltd. will post 7.13 EPS for the current year.
Teekay Tankers Increases Dividend
The business also recently declared a -- dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a dividend of $1.00 per share. This is an increase from Teekay Tankers's previous -- dividend of $0.25. This represents a yield of 2.3%. The ex-dividend date is Monday, May 19th. Teekay Tankers's dividend payout ratio (DPR) is currently 10.72%.
Wall Street Analyst Weigh In
TNK has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating and set a $55.00 price objective on shares of Teekay Tankers in a report on Thursday, May 8th. Evercore ISI dropped their price objective on shares of Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Teekay Tankers currently has an average rating of "Moderate Buy" and an average target price of $50.67.
View Our Latest Research Report on Teekay Tankers
Teekay Tankers Profile
(
Free Report)
Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.
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