Okeanis Eco Tankers Corp. $ECO Stock Position Raised by Boston Partners

Boston Partners lifted its holdings in shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 23.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,731 shares of the company's stock after acquiring an additional 13,842 shares during the period. Boston Partners owned 0.22% of Okeanis Eco Tankers worth $1,585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ECO. SG Americas Securities LLC acquired a new stake in shares of Okeanis Eco Tankers during the 1st quarter worth about $4,466,000. Walleye Capital LLC acquired a new stake in shares of Okeanis Eco Tankers during the 4th quarter worth about $1,144,000. Boothbay Fund Management LLC acquired a new stake in shares of Okeanis Eco Tankers during the 4th quarter worth about $527,000. Triumph Capital Management acquired a new stake in shares of Okeanis Eco Tankers during the 1st quarter worth about $440,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Okeanis Eco Tankers during the fourth quarter worth approximately $213,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Zacks Research raised Okeanis Eco Tankers from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Jefferies Financial Group assumed coverage on Okeanis Eco Tankers in a research report on Wednesday, July 23rd. They set a "buy" rating and a $29.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $34.50.

Okeanis Eco Tankers Stock Performance

Shares of NYSE:ECO traded up $0.46 during trading on Friday, reaching $27.28. 83,020 shares of the company's stock traded hands, compared to its average volume of 170,777. The stock has a market capitalization of $878.25 million, a P/E ratio of 13.05 and a beta of -0.13. Okeanis Eco Tankers Corp. has a 12 month low of $17.91 and a 12 month high of $35.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.96 and a quick ratio of 1.65. The company has a 50 day moving average of $23.90 and a 200-day moving average of $22.98.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.37. Okeanis Eco Tankers had a return on equity of 15.81% and a net margin of 19.52%.The business had revenue of $93.95 million for the quarter, compared to the consensus estimate of $56.10 million. On average, equities analysts expect that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 25th will be given a $0.70 dividend. The ex-dividend date is Friday, August 22nd. This represents a yield of 1,080.0%. This is an increase from Okeanis Eco Tankers's previous dividend of $0.32. Okeanis Eco Tankers's payout ratio is 133.97%.

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.