5,800 Shares in Teekay Tankers Ltd. (NYSE:TNK) Bought by Maven Securities LTD

Maven Securities LTD purchased a new position in shares of Teekay Tankers Ltd. (NYSE:TNK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,800 shares of the shipping company's stock, valued at approximately $231,000.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its position in Teekay Tankers by 273.7% during the third quarter. Barclays PLC now owns 31,472 shares of the shipping company's stock worth $1,833,000 after acquiring an additional 23,051 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Teekay Tankers during the fourth quarter worth $5,131,000. ABC Arbitrage SA acquired a new stake in shares of Teekay Tankers during the fourth quarter worth $372,000. Proficio Capital Partners LLC purchased a new stake in shares of Teekay Tankers in the fourth quarter valued at $629,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Teekay Tankers in the fourth quarter valued at $310,000. 52.67% of the stock is owned by institutional investors and hedge funds.

Teekay Tankers Stock Performance

Shares of TNK traded down $0.50 during trading hours on Tuesday, hitting $44.98. The stock had a trading volume of 83,086 shares, compared to its average volume of 514,034. Teekay Tankers Ltd. has a 12-month low of $33.35 and a 12-month high of $74.20. The firm has a market cap of $1.54 billion, a P/E ratio of 3.97 and a beta of -0.10. The company's fifty day simple moving average is $40.29 and its 200 day simple moving average is $40.81.

Teekay Tankers (NYSE:TNK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The shipping company reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.32). The firm had revenue of $115.64 million during the quarter, compared to analysts' expectations of $146.31 million. Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. The business's revenue for the quarter was down 37.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.23 earnings per share. As a group, sell-side analysts predict that Teekay Tankers Ltd. will post 7.13 earnings per share for the current fiscal year.

Teekay Tankers Increases Dividend

The firm 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 represents a yield of 2.3%. This is a boost from Teekay Tankers's previous -- dividend of $0.25. The ex-dividend date of this dividend is Monday, May 19th. Teekay Tankers's payout ratio is 10.72%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price target on shares of Teekay Tankers in a research note on Thursday, May 8th. Evercore ISI decreased their target price on shares of Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Teekay Tankers has a consensus rating of "Moderate Buy" and an average target price of $50.67.

Teekay Tankers Company Profile

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.