Scorpio Tankers Inc. (NYSE:STNG) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in shares of Scorpio Tankers Inc. (NYSE:STNG - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,897 shares of the shipping company's stock after buying an additional 8,397 shares during the quarter. Canada Pension Plan Investment Board owned 0.30% of Scorpio Tankers worth $7,647,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC grew its position in Scorpio Tankers by 266.2% in the 4th quarter. FMR LLC now owns 2,613,611 shares of the shipping company's stock valued at $129,870,000 after acquiring an additional 1,899,981 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Scorpio Tankers by 22.3% in the fourth quarter. Vanguard Group Inc. now owns 2,511,285 shares of the shipping company's stock valued at $124,786,000 after purchasing an additional 458,120 shares in the last quarter. Cooper Creek Partners Management LLC increased its stake in Scorpio Tankers by 380.0% during the 4th quarter. Cooper Creek Partners Management LLC now owns 2,195,563 shares of the shipping company's stock worth $109,098,000 after buying an additional 1,738,190 shares during the period. American Century Companies Inc. lifted its holdings in Scorpio Tankers by 10.9% during the 4th quarter. American Century Companies Inc. now owns 1,558,402 shares of the shipping company's stock worth $77,437,000 after buying an additional 153,267 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Scorpio Tankers by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 768,129 shares of the shipping company's stock valued at $54,768,000 after buying an additional 38,599 shares during the period. 54.64% of the stock is currently owned by institutional investors and hedge funds.

Scorpio Tankers Stock Performance

Shares of Scorpio Tankers stock traded up $1.35 during trading on Friday, reaching $37.34. The company's stock had a trading volume of 933,421 shares, compared to its average volume of 890,279. The company has a 50-day moving average price of $37.78 and a two-hundred day moving average price of $47.49. Scorpio Tankers Inc. has a fifty-two week low of $30.63 and a fifty-two week high of $84.67. The firm has a market cap of $1.86 billion, a PE ratio of 2.86 and a beta of -0.01. The company has a current ratio of 2.43, a quick ratio of 2.39 and a debt-to-equity ratio of 0.25.

Scorpio Tankers (NYSE:STNG - Get Free Report) last announced its earnings results 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%. On average, analysts forecast that Scorpio Tankers Inc. will post 5.29 EPS for the current year.

Scorpio Tankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.28%. Scorpio Tankers's dividend payout ratio (DPR) is currently 12.27%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on STNG shares. Jefferies Financial Group reaffirmed a "buy" rating and set a $75.00 price objective on shares of Scorpio Tankers in a research report on Thursday, February 13th. Evercore ISI cut their price target on Scorpio Tankers from $64.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus decreased their price objective 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.75.

Scorpio Tankers Company Profile

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.