Fuller & Thaler Asset Management Inc. Decreases Position in Teekay Tankers Ltd. (NYSE:TNK)

Fuller & Thaler Asset Management Inc. lowered its position in shares of Teekay Tankers Ltd. (NYSE:TNK - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,220,676 shares of the shipping company's stock after selling 18,537 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 3.56% of Teekay Tankers worth $48,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Teekay Tankers during the 4th quarter worth $41,000. Meeder Asset Management Inc. purchased a new position in shares of Teekay Tankers during the 4th quarter valued at $77,000. New Age Alpha Advisors LLC purchased a new position in shares of Teekay Tankers during the 4th quarter valued at $132,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Teekay Tankers by 7.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company's stock valued at $168,000 after buying an additional 286 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Teekay Tankers during the 4th quarter valued at $234,000. Institutional investors own 52.67% of the company's stock.

Teekay Tankers Price Performance

Teekay Tankers stock traded up $0.37 during trading hours on Tuesday, hitting $42.61. 147,112 shares of the stock traded hands, compared to its average volume of 377,024. Teekay Tankers Ltd. has a 1 year low of $33.35 and a 1 year high of $74.20. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 3.76 and a beta of -0.16. The firm's 50 day moving average price is $38.31 and its 200-day moving average price is $41.52.

Teekay Tankers (NYSE:TNK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.01. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. The company had revenue of $163.42 million during the quarter, compared to analyst estimates of $158.26 million. Research analysts forecast that Teekay Tankers Ltd. will post 7.13 earnings per share for the current fiscal year.

Teekay Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.35%. The ex-dividend date was Monday, March 3rd. Teekay Tankers's payout ratio is 8.83%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TNK. Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of Teekay Tankers in a report on Thursday, February 20th. Evercore ISI decreased their price target on Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.

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.