Shares of Teekay Co. (NYSE:TK - Get Free Report) fell 3.3% on Friday . The company traded as low as $8.50 and last traded at $8.44. 112,842 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 760,621 shares. The stock had previously closed at $8.72.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered Teekay from a "buy" rating to a "hold" rating in a report on Monday, May 19th.
Get Our Latest Analysis on TK
Teekay Price Performance
The stock has a fifty day moving average price of $7.45 and a two-hundred day moving average price of $7.07. The company has a market cap of $771.88 million, a P/E ratio of 5.96 and a beta of 0.48.
Teekay Dividend Announcement
The firm also recently declared a -- dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 2nd. Teekay's dividend payout ratio (DPR) is currently 17.73%.
Institutional Trading of Teekay
A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. raised its position in Teekay by 5.5% in the first quarter. American Century Companies Inc. now owns 2,132,960 shares of the shipping company's stock worth $14,014,000 after acquiring an additional 110,811 shares during the period. Bridgeway Capital Management LLC raised its position in Teekay by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,877,818 shares of the shipping company's stock worth $13,013,000 after acquiring an additional 34,681 shares during the period. Millennium Management LLC raised its position in Teekay by 153.8% in the first quarter. Millennium Management LLC now owns 1,188,289 shares of the shipping company's stock worth $7,807,000 after acquiring an additional 720,093 shares during the period. JPMorgan Chase & Co. raised its position in Teekay by 47.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company's stock worth $7,231,000 after acquiring an additional 338,105 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Teekay by 80.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 858,425 shares of the shipping company's stock valued at $5,657,000 after buying an additional 383,997 shares during the period. 46.73% of the stock is currently owned by institutional investors.
Teekay Company Profile
(
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Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.
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