Boston Partners Has $1.59 Million Stock Position in Okeanis Eco Tankers Corp. $ECO

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

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Okeanis Eco Tankers in the 1st quarter valued at $4,466,000. Citadel Advisors LLC increased its stake in Okeanis Eco Tankers by 21.7% in the 4th quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock valued at $279,000 after buying an additional 2,340 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in Okeanis Eco Tankers in the 4th quarter valued at $527,000. Wells Fargo & Company MN acquired a new stake in Okeanis Eco Tankers in the 4th quarter valued at $78,000. Finally, Bank of America Corp DE increased its stake in Okeanis Eco Tankers by 25.9% in the 4th quarter. Bank of America Corp DE now owns 23,307 shares of the company's stock valued at $496,000 after buying an additional 4,798 shares during the last quarter.

Analyst Ratings Changes

ECO has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Okeanis Eco Tankers in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $29.00 price target on the stock. Zacks Research upgraded shares of Okeanis Eco Tankers from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to 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 Okeanis Eco Tankers stock traded down $0.2510 during trading on Friday, hitting $27.2690. 102,954 shares of the stock were exchanged, compared to its average volume of 129,092. The stock has a market capitalization of $877.79 million, a price-to-earnings ratio of 13.05 and a beta of -0.13. The company has a fifty day moving average price of $23.96 and a 200-day moving average price of $22.97. Okeanis Eco Tankers Corp. has a 1-year low of $17.91 and a 1-year high of $35.64. The company has a current ratio of 1.96, a quick ratio of 1.65 and a debt-to-equity ratio of 1.36.

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

Okeanis Eco Tankers Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 25th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 1,080.0%. This is a boost from Okeanis Eco Tankers's previous dividend of $0.32. Okeanis Eco Tankers's dividend payout ratio (DPR) is presently 61.24%.

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.