Voya Investment Management LLC Invests $283,000 in Teekay Tankers Ltd. (NYSE:TNK)

Voya Investment Management LLC purchased a new stake in Teekay Tankers Ltd. (NYSE:TNK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,107 shares of the shipping company's stock, valued at approximately $283,000.

Other large investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Teekay Tankers during the fourth quarter valued at approximately $41,000. Meeder Asset Management Inc. bought a new position in Teekay Tankers in the 4th quarter valued at $77,000. New Age Alpha Advisors LLC bought a new position in Teekay Tankers in the 4th quarter valued at $132,000. Steward Partners Investment Advisory LLC increased its position in shares of Teekay Tankers by 7.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company's stock valued at $168,000 after purchasing an additional 286 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Teekay Tankers during the 4th quarter valued at $234,000. 52.67% of the stock is currently owned by institutional investors.

Teekay Tankers Stock Up 2.1%

TNK traded up $0.95 during trading hours on Friday, hitting $46.84. The stock had a trading volume of 613,319 shares, compared to its average volume of 395,162. The company's fifty day simple moving average is $39.89 and its 200 day simple moving average is $40.93. Teekay Tankers Ltd. has a 1 year low of $33.35 and a 1 year high of $74.20. The stock has a market cap of $1.61 billion, a PE ratio of 4.14 and a beta of -0.10.

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

Teekay Tankers Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of Teekay Tankers in a research report on Thursday, May 8th. Evercore ISI dropped their target price on shares of 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 issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Teekay Tankers presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.

Teekay Tankers Company Profile

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.