4,297 Shares in Scorpio Tankers Inc. (NYSE:STNG) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in shares of Scorpio Tankers Inc. (NYSE:STNG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,297 shares of the shipping company’s stock, valued at approximately $214,000.

Other large investors also recently modified their holdings of the company. Mountaineer Partners Management LLC raised its position in shares of Scorpio Tankers by 6,926.8% during the 3rd quarter. Mountaineer Partners Management LLC now owns 8,371,832 shares of the shipping company’s stock worth $596,912,000 after acquiring an additional 8,252,691 shares in the last quarter. Vanguard Group Inc. raised its holdings in Scorpio Tankers by 22.3% during the fourth quarter. Vanguard Group Inc. now owns 2,511,285 shares of the shipping company’s stock worth $124,786,000 after purchasing an additional 458,120 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Scorpio Tankers by 10.9% in the 4th quarter. American Century Companies Inc. now owns 1,558,402 shares of the shipping company’s stock valued at $77,437,000 after buying an additional 153,267 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Scorpio Tankers by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 768,129 shares of the shipping company’s stock valued at $54,768,000 after buying an additional 38,599 shares during the last quarter. Finally, Norges Bank acquired a new stake in Scorpio Tankers during the 4th quarter worth $30,374,000. 54.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on STNG shares. Jefferies Financial Group restated a “buy” rating and issued a $75.00 price objective on shares of Scorpio Tankers in a research note on Thursday, February 13th. Stifel Nicolaus dropped their price target on Scorpio Tankers from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Scorpio Tankers presently has a consensus rating of “Hold” and a consensus target price of $68.75.

Scorpio Tankers Price Performance

Shares of NYSE:STNG opened at $37.48 on Thursday. Scorpio Tankers Inc. has a one year low of $37.07 and a one year high of $84.67. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 2.87 and a beta of -0.01. The company has a 50-day simple moving average of $42.56 and a 200-day simple moving average of $52.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.39 and a current ratio of 2.43.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings data on Wednesday, February 12th. The shipping company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). Scorpio Tankers had a net margin of 53.76% and a return on equity of 18.01%. On average, analysts predict that Scorpio Tankers Inc. will post 5.29 EPS for the current year.

Scorpio Tankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.27%. Scorpio Tankers’s dividend payout ratio (DPR) is 12.27%.

Scorpio Tankers Profile

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.