Deutsche Bank AG Acquires Shares of 18,587 Teekay Tankers Ltd. $TNK

Key Points

• Deutsche Bank AG acquired 18,587 shares of Teekay Tankers Ltd. valued at approximately $711,000, representing a 0.05% stake in the company.
• Teekay Tankers reported an EPS of $1.41, falling short of analyst estimates which expected $1.59, with a revenue of $154.23 million against an expected $162.67 million.
• The company declared a quarterly dividend of $0.25 per share with a dividend yield of 2.1%, reflecting a payout ratio of 12.42%.

Deutsche Bank AG acquired a new position in Teekay Tankers Ltd. (NYSE:TNK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,587 shares of the shipping company's stock, valued at approximately $711,000. Deutsche Bank AG owned approximately 0.05% of Teekay Tankers as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Teekay Tankers by 49.3% during the 1st quarter. Blue Trust Inc. now owns 1,720 shares of the shipping company's stock worth $66,000 after purchasing an additional 568 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of Teekay Tankers by 19.7% during the 1st quarter. TD Private Client Wealth LLC now owns 1,844 shares of the shipping company's stock worth $71,000 after purchasing an additional 304 shares in the last quarter. CWM LLC boosted its position in shares of Teekay Tankers by 399.3% during the 1st quarter. CWM LLC now owns 3,480 shares of the shipping company's stock worth $133,000 after purchasing an additional 2,783 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Teekay Tankers in the fourth quarter valued at $143,000. Finally, Cable Hill Partners LLC purchased a new position in shares of Teekay Tankers in the first quarter valued at $184,000. 52.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a "buy" rating and issued a $55.00 price target on shares of Teekay Tankers in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.67.

Teekay Tankers Stock Performance

Teekay Tankers stock traded up $0.47 during trading on Friday, reaching $49.14. 810,660 shares of the company's stock were exchanged, compared to its average volume of 518,468. The company's 50-day moving average is $44.60 and its two-hundred day moving average is $42.37. Teekay Tankers Ltd. has a 52-week low of $33.35 and a 52-week high of $62.45. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 6.10 and a beta of -0.09.

Teekay Tankers (NYSE:TNK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The shipping company reported $1.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.18). Teekay Tankers had a return on equity of 11.48% and a net margin of 28.94%.The business had revenue of $154.23 million for the quarter, compared to analysts' expectations of $162.67 million. During the same period last year, the company posted $3.11 earnings per share. Analysts anticipate that Teekay Tankers Ltd. will post 7.13 EPS for the current year.

Teekay Tankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.00 annualized dividend and a yield of 2.0%. Teekay Tankers's payout ratio is 12.42%.

Teekay Tankers Profile

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.