Barclays PLC Sells 17,828 Shares of Okeanis Eco Tankers Corp. (NYSE:ECO)

Barclays PLC cut its stake in Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,112 shares of the company's stock after selling 17,828 shares during the quarter. Barclays PLC owned about 0.27% of Okeanis Eco Tankers worth $1,874,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Wells Fargo & Company MN bought a new stake in shares of Okeanis Eco Tankers during the fourth quarter valued at approximately $78,000. Jane Street Group LLC bought a new position in shares of Okeanis Eco Tankers during the third quarter valued at $206,000. Aristides Capital LLC bought a new position in Okeanis Eco Tankers in the 4th quarter worth about $227,000. Boston Partners purchased a new stake in Okeanis Eco Tankers during the 4th quarter valued at about $1,231,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Okeanis Eco Tankers by 70.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company's stock valued at $10,579,000 after purchasing an additional 209,260 shares in the last quarter.

Okeanis Eco Tankers Stock Performance

ECO stock traded down $0.43 on Wednesday, hitting $24.18. The company had a trading volume of 83,830 shares, compared to its average volume of 143,750. The stock's 50-day simple moving average is $21.73 and its 200 day simple moving average is $22.79. The stock has a market cap of $778.58 million, a price-to-earnings ratio of 7.16 and a beta of -0.05. Okeanis Eco Tankers Corp. has a 12-month low of $17.91 and a 12-month high of $36.69. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 1.46.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.19. The company had revenue of $85.19 million during the quarter, compared to analyst estimates of $82.46 million. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. As a group, equities research analysts expect that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 5.79%. Okeanis Eco Tankers's payout ratio is presently 41.42%.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their price objective on Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.