LSV Asset Management Has $51.27 Million Position in Scorpio Tankers Inc. (NYSE:STNG)

LSV Asset Management lifted its position in shares of Scorpio Tankers Inc. (NYSE:STNG - Free Report) by 842.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 843,207 shares of the shipping company's stock after acquiring an additional 753,699 shares during the period. LSV Asset Management owned 1.52% of Scorpio Tankers worth $51,267,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of STNG. FMR LLC grew its stake in shares of Scorpio Tankers by 94.4% in the third quarter. FMR LLC now owns 2,334,754 shares of the shipping company's stock worth $126,357,000 after purchasing an additional 1,133,900 shares in the last quarter. International Assets Investment Management LLC grew its position in Scorpio Tankers by 4,706.2% in the 4th quarter. International Assets Investment Management LLC now owns 970,799 shares of the shipping company's stock valued at $59,025,000 after buying an additional 950,600 shares in the last quarter. Pale Fire Capital SE increased its stake in Scorpio Tankers by 6.0% during the 3rd quarter. Pale Fire Capital SE now owns 779,912 shares of the shipping company's stock valued at $42,209,000 after buying an additional 44,162 shares during the period. American Century Companies Inc. raised its position in shares of Scorpio Tankers by 30.0% during the 3rd quarter. American Century Companies Inc. now owns 400,833 shares of the shipping company's stock worth $21,693,000 after buying an additional 92,561 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of Scorpio Tankers by 2.3% in the 3rd quarter. Fiera Capital Corp now owns 370,382 shares of the shipping company's stock worth $20,045,000 after acquiring an additional 8,330 shares during the period. Institutional investors and hedge funds own 54.64% of the company's stock.

Scorpio Tankers Price Performance

Shares of NYSE STNG traded up $0.90 during mid-day trading on Friday, reaching $72.40. The company had a trading volume of 486,310 shares, compared to its average volume of 675,385. The company has a 50-day moving average price of $70.42 and a two-hundred day moving average price of $64.44. The stock has a market cap of $3.85 billion, a PE ratio of 7.28, a P/E/G ratio of 1.24 and a beta of 0.18. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. Scorpio Tankers Inc. has a 1-year low of $40.34 and a 1-year high of $74.04.

Scorpio Tankers (NYSE:STNG - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The shipping company reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.13. Scorpio Tankers had a return on equity of 22.86% and a net margin of 40.78%. The business had revenue of $336.30 million during the quarter, compared to analyst estimates of $335.70 million. During the same quarter last year, the company posted $4.24 EPS. Scorpio Tankers's revenue for the quarter was down 31.9% on a year-over-year basis. On average, equities analysts anticipate that Scorpio Tankers Inc. will post 12.25 earnings per share for the current year.

Scorpio Tankers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. This is a positive change from Scorpio Tankers's previous quarterly dividend of $0.35. Scorpio Tankers's payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

STNG has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a "buy" rating and set a $90.00 price objective on shares of Scorpio Tankers in a research note on Wednesday, February 14th. JPMorgan Chase & Co. boosted their price objective on Scorpio Tankers from $85.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. Evercore ISI raised their target price on Scorpio Tankers from $89.00 to $91.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. Finally, StockNews.com cut shares of Scorpio Tankers from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $74.00.

About Scorpio Tankers

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.