24,274 Shares in Teekay Tankers Ltd. (NYSE:TNK) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new position in shares of Teekay Tankers Ltd. (NYSE:TNK) in the 4th quarter, Holdings Channel reports. The fund bought 24,274 shares of the shipping company’s stock, valued at approximately $966,000.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Teekay Tankers during the fourth quarter worth approximately $41,000. Meeder Asset Management Inc. acquired a new stake in Teekay Tankers in the fourth quarter valued at approximately $77,000. New Age Alpha Advisors LLC acquired a new stake in Teekay Tankers in the fourth quarter valued at approximately $132,000. Steward Partners Investment Advisory LLC grew its stake in Teekay Tankers by 7.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company’s stock valued at $168,000 after acquiring an additional 286 shares during the period. Finally, Ieq Capital LLC acquired a new stake in Teekay Tankers in the fourth quarter valued at approximately $247,000. Institutional investors and hedge funds own 52.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and issued a $55.00 price objective on shares of Teekay Tankers in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Teekay Tankers Stock Down 1.7 %

Shares of NYSE:TNK opened at $35.61 on Friday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 3.15 and a beta of -0.16. Teekay Tankers Ltd. has a 12-month low of $33.35 and a 12-month high of $74.20. The business’s 50 day moving average is $38.84 and its 200 day moving average is $43.30.

Teekay Tankers (NYSE:TNK) last announced its earnings results on Wednesday, February 19th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. The company had revenue of $163.42 million for the quarter, compared to analysts’ expectations of $158.26 million. Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. As a group, equities research analysts expect that Teekay Tankers Ltd. will post 7.13 earnings per share for the current year.

Teekay Tankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.81%. Teekay Tankers’s dividend payout ratio (DPR) is currently 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.