Okeanis Eco Tankers Corp. (NYSE:ECO) Shares Bought by FIL Ltd

FIL Ltd lifted its position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) by 1.3% during the fourth quarter, HoldingsChannel reports. The fund owned 611,929 shares of the company’s stock after acquiring an additional 8,053 shares during the quarter. FIL Ltd’s holdings in Okeanis Eco Tankers were worth $12,439,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new position in Okeanis Eco Tankers during the 4th quarter worth approximately $78,000. Jane Street Group LLC purchased a new stake in shares of Okeanis Eco Tankers in the third quarter valued at approximately $206,000. Aristides Capital LLC acquired a new position in Okeanis Eco Tankers during the fourth quarter worth $227,000. Public Employees Retirement System of Ohio purchased a new position in Okeanis Eco Tankers in the third quarter worth $383,000. Finally, BNP Paribas Financial Markets lifted its holdings in Okeanis Eco Tankers by 409.9% in the third quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company’s stock valued at $661,000 after acquiring an additional 16,280 shares during the period.

Analyst Ratings Changes

Separately, B. Riley cut their price target on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

Okeanis Eco Tankers Trading Up 5.8 %

Shares of Okeanis Eco Tankers stock opened at $20.54 on Friday. The company has a 50-day moving average of $22.01 and a two-hundred day moving average of $24.08. The stock has a market cap of $661.26 million, a PE ratio of 6.08 and a beta of 0.04. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 1.46. Okeanis Eco Tankers Corp. has a 12-month low of $17.91 and a 12-month high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.19. The firm had revenue of $85.19 million during the quarter, compared to the consensus estimate of $82.46 million. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%. On average, research analysts anticipate that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.82%. The ex-dividend date was Monday, March 3rd. Okeanis Eco Tankers’s dividend payout ratio (DPR) is presently 41.42%.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.