U S Global Investors Inc. Makes New $1 Million Investment in Okeanis Eco Tankers Corp. $ECO

U S Global Investors Inc. purchased a new position in Okeanis Eco Tankers Corp. (NYSE:ECO) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 12,363 shares of the company’s stock, valued at approximately $1,000,000.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of Okeanis Eco Tankers during the first quarter valued at about $29,000. SBI Securities Co. Ltd. lifted its holdings in Okeanis Eco Tankers by 48,800.0% in the third quarter. SBI Securities Co. Ltd. now owns 978 shares of the company’s stock worth $79,000 after purchasing an additional 976 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Okeanis Eco Tankers by 102.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,052 shares of the company’s stock worth $36,000 after purchasing an additional 532 shares during the period. Royal Bank of Canada grew its position in Okeanis Eco Tankers by 29,762.5% in the 1st quarter. Royal Bank of Canada now owns 2,389 shares of the company’s stock valued at $121,000 after buying an additional 2,381 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Okeanis Eco Tankers in the 2nd quarter valued at about $137,000.

Okeanis Eco Tankers Trading Down 1.3%

Shares of ECO stock opened at $90.01 on Friday. The stock has a 50-day simple moving average of $78.40 and a 200 day simple moving average of $62.56. The stock has a market capitalization of $3.51 billion, a P/E ratio of 8.46 and a beta of -0.19. Okeanis Eco Tankers Corp. has a fifty-two week low of $31.75 and a fifty-two week high of $100.68. The company has a quick ratio of 4.13, a current ratio of 4.43 and a debt-to-equity ratio of 0.76.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $5.91 EPS for the quarter, topping the consensus estimate of $4.61 by $1.30. Okeanis Eco Tankers had a net margin of 56.92% and a return on equity of 62.06%. The firm had revenue of $268.14 million for the quarter, compared to analysts’ expectations of $220.28 million. On average, sell-side analysts expect that Okeanis Eco Tankers Corp. will post 15.33 earnings per share for the current fiscal year.

Okeanis Eco Tankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 14th were given a dividend of $5.25 per share. This is a positive change from Okeanis Eco Tankers’s previous quarterly dividend of $2.00. The ex-dividend date was Friday, August 14th. This represents a $21.00 annualized dividend and a dividend yield of 23.3%. Okeanis Eco Tankers’s payout ratio is 195.90%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ECO. Weiss Ratings raised shares of Okeanis Eco Tankers from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 9th. Zacks Research lowered shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen upgraded shares of Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, B. Riley Financial raised their price objective on shares of Okeanis Eco Tankers from $75.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Okeanis Eco Tankers has an average rating of “Hold” and a consensus target price of $67.85.

Insider Activity

In other news, Director Financial Lp Qvt sold 68,420 shares of Okeanis Eco Tankers stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $59.99, for a total value of $4,104,515.80. Following the transaction, the director owned 1,347,038 shares of the company’s stock, valued at $80,808,809.62. The trade was a 4.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp. is a maritime transportation company that owns and operates oceangoing tankers. The company focuses primarily on the transportation of crude oil and refined petroleum products for energy companies, commodity traders and other customers in the global oil industry.

Its fleet consists mainly of large crude carriers, including very large crude carriers (VLCCs) and Suezmax tankers, as well as product tankers designed to transport refined petroleum products. Okeanis Eco Tankers emphasizes fuel efficiency and environmental performance through the use of modern vessels and technologies intended to reduce emissions and operating consumption.

Okeanis Eco Tankers was established in 2018 and is headquartered in Athens, Greece.