Okeanis Eco Tankers (NYSE:ECO) Shares Up 4.4% - What's Next?

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) rose 4.4% during mid-day trading on Monday . The stock traded as high as $24.07 and last traded at $24.20. Approximately 37,080 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 157,805 shares. The stock had previously closed at $23.19.

Okeanis Eco Tankers Stock Up 2.0%

The firm's 50-day moving average price is $23.29 and its 200-day moving average price is $22.62. The company has a market cap of $755.50 million, a price-to-earnings ratio of 9.39 and a beta of -0.15. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.65 and a quick ratio of 1.28.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.12. Okeanis Eco Tankers had a net margin of 22.05% and a return on equity of 18.89%. The firm had revenue of $48.60 million for the quarter, compared to the consensus estimate of $46.91 million. 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 business also recently announced a dividend, which was paid on Thursday, June 12th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, June 3rd. This represents a yield of 9.52%. Okeanis Eco Tankers's payout ratio is 51.61%.

Hedge Funds Weigh In On Okeanis Eco Tankers

Several large investors have recently bought and sold shares of the stock. FIL Ltd boosted its position in shares of Okeanis Eco Tankers by 1.3% during the 4th 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Okeanis Eco Tankers by 70.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company's stock valued at $10,579,000 after purchasing an additional 209,260 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Okeanis Eco Tankers during the 1st quarter valued at about $4,466,000. Goldman Sachs Group Inc. boosted 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 purchasing an additional 54,528 shares in the last quarter. Finally, Semmax Financial Advisors Inc. boosted its position in shares of Okeanis Eco Tankers by 210.9% during the 1st quarter. Semmax Financial Advisors Inc. now owns 122,529 shares of the company's stock valued at $2,906,000 after purchasing an additional 83,122 shares in the last quarter.

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.