Teekay Tankers Ltd. (NYSE:TNK) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its stake in shares of Teekay Tankers Ltd. (NYSE:TNK) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 74,223 shares of the shipping company’s stock after selling 4,421 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Teekay Tankers were worth $2,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its stake in shares of Teekay Tankers by 7.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company’s stock worth $168,000 after acquiring an additional 286 shares during the last quarter. Kendall Capital Management increased its position in Teekay Tankers by 3.3% during the fourth quarter. Kendall Capital Management now owns 17,965 shares of the shipping company’s stock worth $715,000 after purchasing an additional 580 shares during the last quarter. R Squared Ltd purchased a new position in Teekay Tankers during the fourth quarter worth about $41,000. Magnetar Financial LLC boosted its holdings in Teekay Tankers by 30.3% in the 4th quarter. Magnetar Financial LLC now owns 6,221 shares of the shipping company’s stock valued at $248,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of Teekay Tankers by 21.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,398 shares of the shipping company’s stock valued at $493,000 after buying an additional 2,211 shares during the period. Institutional investors and hedge funds own 52.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price target on shares of Teekay Tankers in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.00.

Teekay Tankers Price Performance

Shares of TNK stock opened at $38.13 on Friday. The company has a 50-day moving average of $40.00 and a two-hundred day moving average of $44.87. The firm has a market cap of $1.31 billion, a PE ratio of 3.37 and a beta of -0.44. Teekay Tankers Ltd. has a 1-year low of $35.23 and a 1-year high of $74.20.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings data on Wednesday, February 19th. The shipping company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. The firm had revenue of $163.42 million during the quarter, compared to analysts’ expectations of $158.26 million. Sell-side analysts anticipate that Teekay Tankers Ltd. will post 7.13 EPS for the current fiscal year.

Teekay Tankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Monday, March 3rd. Teekay Tankers’s payout ratio is 8.83%.

Teekay Tankers Profile

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.