Okeanis Eco Tankers Corp. (NYSE:ECO) Stake Cut by Millennium Management LLC

Millennium Management LLC cut its position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 24.0% during the 4th quarter, according to its most recent disclosure 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 quarter. Millennium Management LLC owned 0.13% of Okeanis Eco Tankers worth $897,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ECO. Boston Partners bought a new stake in Okeanis Eco Tankers in the fourth quarter valued at $1,231,000. Arrowstreet Capital Limited Partnership lifted its stake in Okeanis Eco Tankers by 70.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company's stock valued at $10,579,000 after buying an additional 209,260 shares during the last quarter. Wells Fargo & Company MN bought a new stake in Okeanis Eco Tankers in the fourth quarter valued at $78,000. Aristides Capital LLC bought a new stake in Okeanis Eco Tankers in the fourth quarter valued at $227,000. Finally, FIL Ltd lifted its stake in Okeanis Eco Tankers by 1.3% in the fourth quarter. FIL Ltd now owns 611,929 shares of the company's stock valued at $12,439,000 after buying an additional 8,053 shares during the last quarter.

Okeanis Eco Tankers Stock Performance

ECO stock opened at $22.24 on Friday. Okeanis Eco Tankers Corp. has a 1 year low of $17.91 and a 1 year high of $35.64. The stock's fifty day moving average is $22.43 and its two-hundred day moving average is $22.37. 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 stock has a market capitalization of $715.87 million, a price-to-earnings ratio of 6.58 and a beta of -0.05.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $48.60 million for the quarter, compared to analysts' expectations of $46.91 million. On average, research analysts predict that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Announces Dividend

The business also recently disclosed 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 of this dividend is Tuesday, June 3rd. Okeanis Eco Tankers's dividend payout ratio is currently 51.61%.

Okeanis Eco Tankers 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.

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