Barclays PLC Has $3.73 Million Position in Scorpio Tankers Inc. (NYSE:STNG)

Barclays PLC lowered its position in shares of Scorpio Tankers Inc. (NYSE:STNG - Free Report) by 60.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 74,954 shares of the shipping company's stock after selling 113,241 shares during the quarter. Barclays PLC owned about 0.15% of Scorpio Tankers worth $3,725,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of STNG. FMR LLC increased its holdings in Scorpio Tankers by 266.2% in the fourth quarter. FMR LLC now owns 2,613,611 shares of the shipping company's stock valued at $129,870,000 after buying an additional 1,899,981 shares during the last quarter. Cooper Creek Partners Management LLC increased its holdings in shares of Scorpio Tankers by 380.0% in the 4th quarter. Cooper Creek Partners Management LLC now owns 2,195,563 shares of the shipping company's stock valued at $109,098,000 after acquiring an additional 1,738,190 shares during the last quarter. Norges Bank acquired a new stake in shares of Scorpio Tankers during the 4th quarter valued at approximately $30,374,000. Vanguard Group Inc. lifted its stake in Scorpio Tankers by 22.3% during the fourth quarter. Vanguard Group Inc. now owns 2,511,285 shares of the shipping company's stock worth $124,786,000 after purchasing an additional 458,120 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Scorpio Tankers by 882.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 201,653 shares of the shipping company's stock worth $10,020,000 after purchasing an additional 181,135 shares during the period. Hedge funds and other institutional investors own 54.64% of the company's stock.

Scorpio Tankers Price Performance

Shares of STNG traded down $0.11 during trading hours on Wednesday, hitting $37.69. 1,200,127 shares of the company were exchanged, compared to its average volume of 893,507. Scorpio Tankers Inc. has a one year low of $30.63 and a one year high of $84.67. The company has a market capitalization of $1.88 billion, a PE ratio of 2.89 and a beta of -0.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.43 and a quick ratio of 2.39. The firm has a fifty day simple moving average of $37.56 and a 200-day simple moving average of $47.18.

Scorpio Tankers (NYSE:STNG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The shipping company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.08). Scorpio Tankers had a net margin of 53.76% and a return on equity of 18.01%. As a group, sell-side analysts predict that Scorpio Tankers Inc. will post 5.29 earnings per share for the current year.

Scorpio Tankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.25%. The ex-dividend date was Friday, March 7th. Scorpio Tankers's dividend payout ratio (DPR) is currently 12.27%.

Analyst Ratings Changes

A number of research analysts recently issued reports on STNG shares. Stifel Nicolaus reduced their price objective on Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Jefferies Financial Group restated a "buy" rating and set a $75.00 price target on shares of Scorpio Tankers in a research report on Thursday, February 13th. Finally, Evercore ISI cut their price objective on shares of Scorpio Tankers from $64.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Scorpio Tankers presently has an average rating of "Hold" and an average price target of $63.75.

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.