Dimensional Fund Advisors LP Has $100.96 Million Holdings in Teekay Tankers Ltd. (NYSE:TNK)

Dimensional Fund Advisors LP increased its stake in shares of Teekay Tankers Ltd. (NYSE:TNK - Free Report) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,020,473 shares of the shipping company's stock after purchasing an additional 54,886 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.93% of Teekay Tankers worth $100,964,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. National Bank of Canada FI lifted its stake in shares of Teekay Tankers by 7,686.1% during the 4th quarter. National Bank of Canada FI now owns 30,833 shares of the shipping company's stock worth $1,584,000 after purchasing an additional 30,437 shares during the last quarter. Semanteon Capital Management LP purchased a new stake in Teekay Tankers in the fourth quarter valued at about $974,000. Bailard Inc. raised its stake in Teekay Tankers by 57.0% in the fourth quarter. Bailard Inc. now owns 12,114 shares of the shipping company's stock valued at $605,000 after buying an additional 4,400 shares during the last quarter. Glenorchy Capital Ltd purchased a new stake in Teekay Tankers in the fourth quarter valued at about $2,787,000. Finally, Linden Thomas Advisory Services LLC raised its stake in Teekay Tankers by 26.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,843 shares of the shipping company's stock valued at $442,000 after buying an additional 1,849 shares during the last quarter. 52.67% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Tankers Stock Performance

Teekay Tankers stock traded down $0.84 during midday trading on Wednesday, hitting $70.99. 317,779 shares of the company were exchanged, compared to its average volume of 417,825. The firm has a market capitalization of $2.43 billion, a PE ratio of 5.02, a price-to-earnings-growth ratio of 1.60 and a beta of -0.27. Teekay Tankers Ltd. has a fifty-two week low of $35.00 and a fifty-two week high of $72.76. The business has a fifty day simple moving average of $60.46 and a two-hundred day simple moving average of $56.24.

Teekay Tankers (NYSE:TNK - Get Free Report) last posted its earnings results on Thursday, February 22nd. The shipping company reported $2.87 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.81). The company had revenue of $194.46 million for the quarter, compared to analyst estimates of $219.93 million. Teekay Tankers had a return on equity of 30.73% and a net margin of 37.39%. As a group, equities analysts expect that Teekay Tankers Ltd. will post 14.67 earnings per share for the current year.

Teekay Tankers Dividend Announcement

The business also recently announced a None dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be issued a dividend of $2.25 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend is Monday, May 20th. Teekay Tankers's dividend payout ratio (DPR) is 7.07%.

Wall Street Analysts Forecast Growth

TNK has been the subject of a number of research analyst reports. Evercore ISI decreased their price target on Teekay Tankers from $77.00 to $73.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Bank of America raised their price objective on Teekay Tankers from $66.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 10th. Jefferies Financial Group raised their price objective on Teekay Tankers from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Thursday, May 9th. Finally, StockNews.com upgraded Teekay Tankers from a "hold" rating to a "buy" rating in a research note on Friday, May 17th.

About Teekay Tankers

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.