Yaupon Capital Management LP Purchases Shares of 333,259 Tenaris S.A. (NYSE:TS)

Yaupon Capital Management LP bought a new stake in Tenaris S.A. (NYSE:TS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 333,259 shares of the industrial products company's stock, valued at approximately $12,594,000. Yaupon Capital Management LP owned approximately 0.06% of Tenaris as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Tenaris in the 4th quarter worth $28,000. GAMMA Investing LLC lifted its holdings in shares of Tenaris by 140.2% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 548 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Tenaris by 78.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock worth $41,000 after acquiring an additional 478 shares in the last quarter. Headlands Technologies LLC bought a new stake in Tenaris during the fourth quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC raised its position in Tenaris by 291.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 1,284 shares during the period. Institutional investors own 10.45% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Piper Sandler lifted their target price on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. BNP Paribas assumed coverage on shares of Tenaris in a report on Tuesday, April 22nd. They set an "outperform" rating for the company. Stifel Nicolaus reduced their price objective on Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Kepler Capital Markets cut Tenaris from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Finally, Bank of America lowered Tenaris from a "neutral" rating to an "underperform" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Tenaris has a consensus rating of "Moderate Buy" and a consensus price target of $47.00.

Tenaris Stock Performance

Tenaris stock traded up $0.27 during mid-day trading on Friday, reaching $33.69. 1,108,967 shares of the company were exchanged, compared to its average volume of 1,762,759. The firm has a market cap of $19.59 billion, a P/E ratio of 9.33 and a beta of 1.21. The business has a fifty day moving average of $36.14 and a 200 day moving average of $36.68. Tenaris S.A. has a 12-month low of $27.24 and a 12-month high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.31. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. Sell-side analysts predict that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be given a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This is an increase from Tenaris's previous semi-annual dividend of $0.54. Tenaris's payout ratio is presently 31.02%.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.