Scorpio Tankers Inc. (NYSE:STNG) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its holdings in shares of Scorpio Tankers Inc. (NYSE:STNG) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,103 shares of the shipping company’s stock after purchasing an additional 252 shares during the period. Segall Bryant & Hamill LLC’s holdings in Scorpio Tankers were worth $863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. LSV Asset Management lifted its stake in Scorpio Tankers by 8.5% during the second quarter. LSV Asset Management now owns 1,995,599 shares of the shipping company’s stock valued at $162,222,000 after purchasing an additional 156,414 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Scorpio Tankers by 8,249.0% during the third quarter. International Assets Investment Management LLC now owns 1,880,188 shares of the shipping company’s stock valued at $134,057,000 after purchasing an additional 1,857,668 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Scorpio Tankers by 5.0% during the second quarter. Renaissance Technologies LLC now owns 1,313,815 shares of the shipping company’s stock valued at $106,800,000 after purchasing an additional 62,600 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Scorpio Tankers by 20.3% during the second quarter. American Century Companies Inc. now owns 1,185,762 shares of the shipping company’s stock valued at $96,391,000 after acquiring an additional 199,858 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Scorpio Tankers by 176.6% during the first quarter. Vanguard Group Inc. now owns 860,575 shares of the shipping company’s stock valued at $61,574,000 after acquiring an additional 549,395 shares during the period. 54.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on STNG. Jefferies Financial Group cut their price target on shares of Scorpio Tankers from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Fearnley Fonds upgraded shares of Scorpio Tankers to a “hold” rating in a report on Friday, September 27th. Bank of America cut their price target on shares of Scorpio Tankers from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Evercore ISI cut their price target on shares of Scorpio Tankers from $84.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Scorpio Tankers from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Scorpio Tankers presently has a consensus rating of “Hold” and an average target price of $76.40.

Scorpio Tankers Stock Down 0.3 %

Scorpio Tankers stock opened at $52.74 on Monday. The firm has a market cap of $2.66 billion, a PE ratio of 3.78 and a beta of 0.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.18 and a current ratio of 2.21. The firm’s 50 day moving average price is $63.84 and its two-hundred day moving average price is $72.08. Scorpio Tankers Inc. has a twelve month low of $52.07 and a twelve month high of $84.67.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Tuesday, October 29th. The shipping company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.14. Scorpio Tankers had a net margin of 52.40% and a return on equity of 22.56%. The firm had revenue of $267.99 million for the quarter, compared to analyst estimates of $267.91 million. During the same quarter in the prior year, the business earned $1.91 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, research analysts predict that Scorpio Tankers Inc. will post 11.04 EPS for the current fiscal year.

Scorpio Tankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.60 annualized dividend and a dividend yield of 3.03%. Scorpio Tankers’s dividend payout ratio (DPR) is 11.47%.

Scorpio Tankers Company 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.