Quadrature Capital Ltd Grows Stock Holdings in Scorpio Tankers Inc. (NYSE:STNG)

Quadrature Capital Ltd grew its holdings in shares of Scorpio Tankers Inc. (NYSE:STNG) by 39.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,983 shares of the shipping company’s stock after acquiring an additional 4,816 shares during the period. Quadrature Capital Ltd’s holdings in Scorpio Tankers were worth $1,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in STNG. Global Retirement Partners LLC increased its holdings in Scorpio Tankers by 8,800.0% in the 1st quarter. Global Retirement Partners LLC now owns 534 shares of the shipping company’s stock worth $38,000 after acquiring an additional 528 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Scorpio Tankers in the first quarter worth approximately $58,000. U S Global Investors Inc. increased its stake in shares of Scorpio Tankers by 14.5% in the fourth quarter. U S Global Investors Inc. now owns 1,741 shares of the shipping company’s stock worth $106,000 after purchasing an additional 220 shares in the last quarter. Bfsg LLC bought a new stake in shares of Scorpio Tankers during the 4th quarter valued at $114,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Scorpio Tankers during the 4th quarter valued at $217,000. Institutional investors own 54.64% of the company’s stock.

Scorpio Tankers Trading Down 1.0 %

Shares of Scorpio Tankers stock traded down $0.77 during trading on Friday, hitting $72.69. The stock had a trading volume of 547,162 shares, compared to its average volume of 815,518. The firm’s fifty day simple moving average is $79.52 and its 200-day simple moving average is $73.31. The stock has a market cap of $3.97 billion, a PE ratio of 6.74, a PEG ratio of 1.12 and a beta of 0.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.58. Scorpio Tankers Inc. has a 12 month low of $42.92 and a 12 month high of $84.67.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Thursday, May 9th. The shipping company reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.72 by $0.25. Scorpio Tankers had a net margin of 42.12% and a return on equity of 22.84%. The company had revenue of $389.76 million during the quarter, compared to analyst estimates of $381.46 million. As a group, sell-side analysts expect that Scorpio Tankers Inc. will post 13.09 EPS for the current fiscal year.

Scorpio Tankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Friday, June 14th. Scorpio Tankers’s dividend payout ratio (DPR) is 14.84%.

Wall Street Analyst Weigh In

STNG has been the topic of several research analyst reports. StockNews.com upgraded Scorpio Tankers from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Evercore ISI lifted their price objective on shares of Scorpio Tankers from $99.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Bank of America cut their target price on shares of Scorpio Tankers from $85.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Scorpio Tankers in a research note on Thursday, May 9th. Finally, Stifel Nicolaus raised their target price on shares of Scorpio Tankers from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.17.

Scorpio Tankers Profile

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.