AlphaMark Advisors LLC Sells 164 Shares of Scorpio Tankers Inc. (NYSE:STNG)

AlphaMark Advisors LLC trimmed its position in shares of Scorpio Tankers Inc. (NYSE:STNG) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,263 shares of the shipping company’s stock after selling 164 shares during the quarter. AlphaMark Advisors LLC’s holdings in Scorpio Tankers were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC purchased a new stake in Scorpio Tankers during the first quarter valued at approximately $596,000. BNP Paribas Financial Markets lifted its holdings in shares of Scorpio Tankers by 37.0% during the 1st quarter. BNP Paribas Financial Markets now owns 88,827 shares of the shipping company’s stock valued at $6,356,000 after purchasing an additional 23,975 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Scorpio Tankers by 101.4% in the 1st quarter. Acadian Asset Management LLC now owns 19,456 shares of the shipping company’s stock worth $1,391,000 after purchasing an additional 9,798 shares in the last quarter. Cetera Investment Advisers purchased a new position in Scorpio Tankers during the 1st quarter worth $2,107,000. Finally, Quadrature Capital Ltd acquired a new position in Scorpio Tankers during the 4th quarter valued at about $740,000. 54.64% of the stock is currently owned by institutional investors.

Scorpio Tankers Trading Up 1.2 %

NYSE STNG opened at $67.02 on Friday. The company has a fifty day moving average of $70.38 and a 200 day moving average of $74.46. The company has a market capitalization of $3.56 billion, a PE ratio of 5.27, a P/E/G ratio of 1.94 and a beta of 0.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 2.63. Scorpio Tankers Inc. has a 1 year low of $52.68 and a 1 year high of $84.67.

Scorpio Tankers (NYSE:STNG) last posted its earnings results on Tuesday, July 30th. The shipping company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.52 by $0.08. Scorpio Tankers had a return on equity of 23.83% and a net margin of 47.36%. The firm had revenue of $380.70 million for the quarter, compared to analyst estimates of $368.62 million. During the same period last year, the company earned $2.41 earnings per share. Scorpio Tankers’s revenue for the quarter was up 15.6% compared to the same quarter last year. Research analysts forecast that Scorpio Tankers Inc. will post 12.43 earnings per share for the current year.

Scorpio Tankers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, August 15th. Scorpio Tankers’s dividend payout ratio is currently 12.58%.

Analyst Ratings Changes

STNG has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on Scorpio Tankers from $99.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group restated a “buy” rating and set a $90.00 price target on shares of Scorpio Tankers in a research note on Tuesday, July 30th. Bank of America lowered their price objective 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. StockNews.com downgraded Scorpio Tankers from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Fearnley Fonds raised Scorpio Tankers to a “hold” rating in a research report on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.80.

About Scorpio Tankers

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.