57,690 Shares in Teekay Co. (NYSE:TK) Acquired by Wexford Capital LP

Wexford Capital LP purchased a new position in shares of Teekay Co. (NYSE:TK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,690 shares of the shipping company’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Teekay by 10.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,814 shares of the shipping company’s stock worth $130,000 after buying an additional 1,747 shares during the last quarter. CWM LLC boosted its position in Teekay by 135.2% in the 2nd quarter. CWM LLC now owns 3,391 shares of the shipping company’s stock worth $30,000 after purchasing an additional 1,949 shares in the last quarter. Diversified Trust Co grew its stake in shares of Teekay by 16.4% during the 2nd quarter. Diversified Trust Co now owns 14,211 shares of the shipping company’s stock worth $127,000 after purchasing an additional 2,004 shares during the period. Summit Global Investments increased its holdings in shares of Teekay by 4.6% during the 3rd quarter. Summit Global Investments now owns 78,699 shares of the shipping company’s stock valued at $724,000 after purchasing an additional 3,474 shares in the last quarter. Finally, Caprock Group LLC lifted its stake in shares of Teekay by 15.1% in the 3rd quarter. Caprock Group LLC now owns 28,009 shares of the shipping company’s stock valued at $258,000 after purchasing an additional 3,674 shares during the period. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Trading Down 1.0 %

Shares of TK stock opened at $6.40 on Friday. Teekay Co. has a 12-month low of $6.35 and a 12-month high of $9.95. The business’s 50 day moving average is $8.20 and its two-hundred day moving average is $8.47. The company has a market capitalization of $587.32 million, a P/E ratio of 4.26 and a beta of 0.56.

Teekay Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, December 4th. Teekay’s dividend payout ratio (DPR) is currently 16.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Teekay from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 28th.

Teekay Company Profile

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.