Millennium Management LLC Reduces Position in Okeanis Eco Tankers Corp. (NYSE:ECO)

Millennium Management LLC decreased its stake in Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,214 shares of the company's stock after selling 13,331 shares during the period. Millennium Management LLC owned about 0.13% of Okeanis Eco Tankers worth $897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ECO. Wells Fargo & Company MN bought a new stake in Okeanis Eco Tankers during the fourth quarter worth about $78,000. Aristides Capital LLC bought a new stake in Okeanis Eco Tankers in the fourth quarter valued at $227,000. Citadel Advisors LLC lifted its position 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 acquiring an additional 2,340 shares in the last quarter. PDT Partners LLC lifted its holdings in shares of Okeanis Eco Tankers by 6.2% during the fourth quarter. PDT Partners LLC now owns 21,504 shares of the company's stock valued at $457,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Okeanis Eco Tankers by 25.9% in the fourth quarter. Bank of America Corp DE now owns 23,307 shares of the company's stock worth $496,000 after acquiring an additional 4,798 shares during the period.

Okeanis Eco Tankers Stock Performance

Shares of ECO stock traded down $0.01 on Monday, reaching $21.84. The stock had a trading volume of 110,804 shares, compared to its average volume of 151,061. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.34 and a current ratio of 1.64. The company has a 50 day simple moving average of $22.43 and a 200 day simple moving average of $22.34. The stock has a market cap of $703.12 million, a P/E ratio of 6.46 and a beta of -0.08. Okeanis Eco Tankers Corp. has a 1 year low of $17.91 and a 1 year high of $35.64.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.12. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. The company had revenue of $48.60 million during the quarter, compared to analyst estimates of $46.91 million. Equities research analysts expect that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 12th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.32 per share. This represents a dividend yield of 9.52%. The ex-dividend date is Tuesday, June 3rd. Okeanis Eco Tankers's dividend payout ratio (DPR) is 51.61%.

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.