Okeanis Eco Tankers (NYSE:ECO) Shares Down 4.4% - Here's Why

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) was down 4.4% during trading on Monday . The stock traded as low as $23.53 and last traded at $23.10. Approximately 50,496 shares traded hands during trading, a decline of 67% from the average daily volume of 152,870 shares. The stock had previously closed at $24.17.

Okeanis Eco Tankers Stock Performance

The stock has a market cap of $754.79 million, a P/E ratio of 6.93 and a beta of -0.08. The company has a fifty day moving average price of $22.69 and a 200 day moving average price of $22.33. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.64 and a quick ratio of 1.34.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its quarterly 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 return on equity of 25.40% and a net margin of 27.68%. The business had revenue of $48.60 million during the quarter, compared to the consensus estimate of $46.91 million. On average, equities analysts expect that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Wednesday, June 4th were given a $0.32 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a yield of 9.52%. Okeanis Eco Tankers's dividend payout ratio is currently 51.61%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Semmax Financial Advisors Inc. boosted its position in Okeanis Eco Tankers by 210.9% in the first quarter. Semmax Financial Advisors Inc. now owns 122,529 shares of the company's stock worth $2,906,000 after purchasing an additional 83,122 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Okeanis Eco Tankers by 56.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company's stock valued at $3,328,000 after buying an additional 54,528 shares during the last quarter. Energy Income Partners LLC lifted its position in shares of Okeanis Eco Tankers by 84.6% during the 1st quarter. Energy Income Partners LLC now owns 51,189 shares of the company's stock valued at $1,131,000 after buying an additional 23,452 shares during the last quarter. Boston Partners lifted its position in shares of Okeanis Eco Tankers by 23.9% during the 1st quarter. Boston Partners now owns 71,731 shares of the company's stock valued at $1,585,000 after buying an additional 13,842 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in shares of Okeanis Eco Tankers during the 1st quarter valued at $440,000.

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.

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