LSV Asset Management Has $87.71 Million Stake in Scorpio Tankers Inc. $STNG

LSV Asset Management decreased its holdings in Scorpio Tankers Inc. (NYSE:STNG) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,725,486 shares of the shipping company’s stock after selling 29,065 shares during the period. LSV Asset Management owned about 3.38% of Scorpio Tankers worth $87,706,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in shares of Scorpio Tankers by 15.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,418 shares of the shipping company’s stock valued at $79,000 after purchasing an additional 194 shares during the period. Clearstead Advisors LLC increased its holdings in shares of Scorpio Tankers by 67.9% in the 3rd quarter. Clearstead Advisors LLC now owns 507 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 205 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Scorpio Tankers by 1.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the shipping company’s stock valued at $680,000 after purchasing an additional 223 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Scorpio Tankers by 110.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 469 shares of the shipping company’s stock valued at $26,000 after purchasing an additional 246 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Scorpio Tankers by 2.4% in the 4th quarter. Allworth Financial LP now owns 11,257 shares of the shipping company’s stock valued at $572,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 54.64% of the company’s stock.

Analyst Ratings Changes

STNG has been the topic of a number of research reports. B. Riley Financial reiterated a “buy” rating on shares of Scorpio Tankers in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $83.00 target price on shares of Scorpio Tankers in a report on Friday, February 13th. Dnb Carnegie downgraded Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. BTIG Research boosted their price target on Scorpio Tankers from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Bank of America raised Scorpio Tankers from an “underperform” rating to a “buy” rating and boosted their price target for the company from $76.00 to $100.00 in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Scorpio Tankers presently has a consensus rating of “Moderate Buy” and an average target price of $93.17.

Scorpio Tankers Trading Down 0.5%

Shares of NYSE STNG opened at $80.24 on Friday. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 7.89 and a beta of -0.24. The business has a 50 day simple moving average of $76.68 and a 200 day simple moving average of $66.79. Scorpio Tankers Inc. has a 52 week low of $37.96 and a 52 week high of $87.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 13.87 and a current ratio of 13.98.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings results on Wednesday, May 6th. The shipping company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.79 by $0.23. The business had revenue of $312.86 million during the quarter, compared to analysts’ expectations of $286.81 million. Scorpio Tankers had a return on equity of 11.72% and a net margin of 48.44%.The firm’s quarterly revenue was up 46.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. On average, research analysts predict that Scorpio Tankers Inc. will post 11.44 earnings per share for the current fiscal year.

Scorpio Tankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. Scorpio Tankers’s payout ratio is presently 17.70%.

Scorpio Tankers Profile

Scorpio Tankers Inc (NYSE: STNG) is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability.

The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.