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

Barclays PLC lowered its stake in Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,112 shares of the company's stock after selling 17,828 shares during the quarter. Barclays PLC owned 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 added to or reduced their stakes in the stock. Wells Fargo & Company MN purchased a new position in shares of Okeanis Eco Tankers in the 4th quarter worth $78,000. Jane Street Group LLC bought a new position in Okeanis Eco Tankers in the third quarter valued at about $206,000. FIL Ltd boosted its position in Okeanis Eco Tankers by 1.3% in the fourth quarter. FIL Ltd now owns 611,929 shares of the company's stock worth $12,439,000 after purchasing an additional 8,053 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of Okeanis Eco Tankers during the 4th quarter valued at about $227,000. Finally, Boston Partners purchased a new stake in shares of Okeanis Eco Tankers during the 4th quarter valued at about $1,231,000.

Okeanis Eco Tankers Trading Down 0.3 %

NYSE:ECO opened at $23.69 on Friday. The firm has a market capitalization of $762.80 million, a price-to-earnings ratio of 7.01 and a beta of 0.04. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.64 and a quick ratio of 1.34. The business has a fifty day moving average price of $21.48 and a 200-day moving average price of $23.00. Okeanis Eco Tankers Corp. has a one year low of $17.91 and a one year high of $36.69.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.19. The business had revenue of $85.19 million during the quarter, compared to analysts' expectations of $82.46 million. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%. Sell-side analysts forecast that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.91%. The ex-dividend date was Monday, March 3rd. Okeanis Eco Tankers's dividend payout ratio is currently 41.42%.

Analyst Upgrades and Downgrades

Separately, B. Riley cut their target price on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th.

Okeanis Eco Tankers Company Profile

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.

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