Voya Investment Management LLC Acquires Shares of 7,107 Teekay Tankers Ltd. (NYSE:TNK)

Voya Investment Management LLC bought a new stake in Teekay Tankers Ltd. (NYSE:TNK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,107 shares of the shipping company's stock, valued at approximately $283,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TNK. Barclays PLC grew its position in shares of Teekay Tankers by 273.7% in the 3rd quarter. Barclays PLC now owns 31,472 shares of the shipping company's stock valued at $1,833,000 after purchasing an additional 23,051 shares during the period. Principal Financial Group Inc. raised its stake in shares of Teekay Tankers by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 906,700 shares of the shipping company's stock worth $52,815,000 after purchasing an additional 80,217 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Teekay Tankers by 41.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,712 shares of the shipping company's stock valued at $307,000 after acquiring an additional 2,248 shares during the period. Linden Thomas Advisory Services LLC raised its stake in Teekay Tankers by 21.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,398 shares of the shipping company's stock valued at $493,000 after acquiring an additional 2,211 shares during the period. Finally, R Squared Ltd bought a new position in Teekay Tankers during the 4th quarter worth $41,000. Institutional investors and hedge funds own 52.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TNK. Jefferies Financial Group restated a "buy" rating and issued a $55.00 price target on shares of Teekay Tankers in a research report on Thursday, May 8th. Evercore ISI cut their price objective on Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.67.

Teekay Tankers Stock Up 2.1%

Shares of Teekay Tankers stock traded up $0.95 during trading on Friday, hitting $46.84. 613,319 shares of the stock traded hands, compared to its average volume of 395,573. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 4.14 and a beta of -0.10. Teekay Tankers Ltd. has a 52 week low of $33.35 and a 52 week high of $74.20. The firm's fifty day moving average is $40.11 and its 200-day moving average is $40.82.

Teekay Tankers (NYSE:TNK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The shipping company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.32). Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. The business had revenue of $115.64 million during the quarter, compared to analysts' expectations of $146.31 million. During the same quarter last year, the business posted $4.23 EPS. The company's quarterly revenue was down 37.1% compared to the same quarter last year. On average, analysts forecast that Teekay Tankers Ltd. will post 7.13 earnings per share for the current fiscal year.

Teekay Tankers Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $1.00 per share. This represents a yield of 2.3%. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Teekay Tankers's previous -- dividend of $0.25. Teekay Tankers's dividend payout ratio (DPR) is 10.72%.

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.