AQR Capital Management LLC Purchases 39,186 Shares of Scorpio Tankers Inc. (NYSE:STNG)

AQR Capital Management LLC raised its position in Scorpio Tankers Inc. (NYSE:STNG - Free Report) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,858 shares of the shipping company's stock after purchasing an additional 39,186 shares during the quarter. AQR Capital Management LLC owned 0.43% of Scorpio Tankers worth $10,726,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STNG. Barclays PLC raised its position in Scorpio Tankers by 873.6% in the third quarter. Barclays PLC now owns 188,195 shares of the shipping company's stock valued at $13,418,000 after purchasing an additional 168,866 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Scorpio Tankers in the third quarter valued at about $68,000. Franklin Resources Inc. increased its stake in shares of Scorpio Tankers by 8.3% in the third quarter. Franklin Resources Inc. now owns 57,293 shares of the shipping company's stock valued at $3,985,000 after buying an additional 4,407 shares during the period. GAMMA Investing LLC increased its stake in shares of Scorpio Tankers by 204.1% in the fourth quarter. GAMMA Investing LLC now owns 599 shares of the shipping company's stock valued at $30,000 after buying an additional 402 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Scorpio Tankers by 882.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 201,653 shares of the shipping company's stock valued at $10,020,000 after buying an additional 181,135 shares during the period. 54.64% of the stock is currently owned by institutional investors.

Scorpio Tankers Stock Up 1.1%

NYSE:STNG traded up $0.46 during trading hours on Friday, reaching $41.14. The company had a trading volume of 626,906 shares, compared to its average volume of 899,634. Scorpio Tankers Inc. has a twelve month low of $30.63 and a twelve month high of $84.67. The company has a quick ratio of 2.39, a current ratio of 2.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 3.15 and a beta of -0.12. The business's 50-day simple moving average is $37.48 and its two-hundred day simple moving average is $45.61.

Scorpio Tankers (NYSE:STNG - Get Free Report) last issued its earnings results on Thursday, May 1st. The shipping company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.32. Scorpio Tankers had a return on equity of 18.01% and a net margin of 53.76%. The business had revenue of $204.20 million during the quarter, compared to analyst estimates of $205.89 million. During the same period in the previous year, the company posted $3.97 EPS. The firm's revenue was down 45.3% compared to the same quarter last year. On average, equities analysts expect that Scorpio Tankers Inc. will post 5.29 earnings per share for the current year.

Scorpio Tankers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 3.89%. Scorpio Tankers's dividend payout ratio (DPR) is presently 15.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Evercore ISI decreased their price target on Scorpio Tankers from $60.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group reissued a "buy" rating and issued a $65.00 price target on shares of Scorpio Tankers in a research note on Thursday, May 1st. Stifel Nicolaus decreased their price target on Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Finally, Fearnley Fonds raised Scorpio Tankers from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $60.50.

About Scorpio Tankers

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.