Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $22.95, but opened at $22.31. Okeanis Eco Tankers shares last traded at $22.19, with a volume of 70,799 shares changing hands.
Okeanis Eco Tankers Stock Performance
The firm has a market capitalization of $702.47 million, a price-to-earnings ratio of 6.46 and a beta of -0.05. The firm's 50 day simple moving average is $22.43 and its 200 day simple 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.
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 for the quarter, topping the consensus estimate of $0.24 by $0.12. The company had revenue of $48.60 million for the quarter, compared to the consensus estimate of $46.91 million. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%. Sell-side analysts forecast that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current fiscal year.
Okeanis Eco Tankers Dividend Announcement
The company also recently announced a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.32 per share. This represents a dividend yield of 9.52%. The ex-dividend date is Tuesday, June 3rd. Okeanis Eco Tankers's dividend payout ratio (DPR) is 51.61%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. PDT Partners LLC grew its position in shares of Okeanis Eco Tankers by 6.2% during the fourth quarter. PDT Partners LLC now owns 21,504 shares of the company's stock worth $457,000 after buying an additional 1,250 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Okeanis Eco Tankers by 21.7% in the 4th quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock valued at $279,000 after purchasing an additional 2,340 shares during the last quarter. Wells Fargo & Company MN purchased a new stake in shares of Okeanis Eco Tankers during the 4th quarter worth $78,000. Bank of America Corp DE grew its position in Okeanis Eco Tankers by 25.9% during the 4th quarter. Bank of America Corp DE now owns 23,307 shares of the company's stock worth $496,000 after purchasing an additional 4,798 shares during the last quarter. Finally, FIL Ltd increased 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 purchasing an additional 8,053 shares during the period.
About Okeanis Eco Tankers
(
Get Free Report)
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.
Recommended Stories
Before you consider Okeanis Eco Tankers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Okeanis Eco Tankers wasn't on the list.
While Okeanis Eco Tankers currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
