Teekay Tankers Ltd. (NYSE:TNK) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. grew its holdings in Teekay Tankers Ltd. (NYSE:TNK) by 87.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,506 shares of the shipping company’s stock after buying an additional 12,393 shares during the quarter. Nomura Holdings Inc.’s holdings in Teekay Tankers were worth $1,055,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TNK. R Squared Ltd acquired a new stake in shares of Teekay Tankers in the 4th quarter valued at approximately $41,000. Meeder Asset Management Inc. purchased a new position in Teekay Tankers in the 4th quarter valued at approximately $77,000. New Age Alpha Advisors LLC purchased a new position in Teekay Tankers in the 4th quarter valued at approximately $132,000. BNP Paribas Financial Markets purchased a new position in Teekay Tankers in the 4th quarter valued at approximately $143,000. Finally, Steward Partners Investment Advisory LLC increased its stake in 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 valued at $168,000 after purchasing an additional 286 shares in the last quarter. 52.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Evercore ISI dropped their price objective on Teekay Tankers from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Teekay Tankers in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Teekay Tankers currently has an average rating of “Moderate Buy” and a consensus target price of $50.67.

Teekay Tankers Stock Performance

Teekay Tankers stock opened at $46.84 on Monday. The stock has a fifty day moving average of $40.11 and a two-hundred day moving average of $40.82. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 4.14 and a beta of -0.10. Teekay Tankers Ltd. has a fifty-two week low of $33.35 and a fifty-two week high of $74.20.

Teekay Tankers (NYSE:TNK) last released its quarterly earnings results on Wednesday, May 7th. The shipping company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.32). The company had revenue of $115.64 million for the quarter, compared to analysts’ expectations of $146.31 million. Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. The business’s quarterly revenue was down 37.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.23 EPS. On average, analysts forecast that Teekay Tankers Ltd. will post 7.13 EPS for the current fiscal year.

Teekay Tankers Increases Dividend

The business also recently declared a — dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a dividend of $1.00 per share. This is an increase from Teekay Tankers’s previous — dividend of $0.25. The ex-dividend date of this dividend is Monday, May 19th. This represents a yield of 2.3%. Teekay Tankers’s dividend payout ratio (DPR) is presently 10.72%.

Teekay Tankers Company 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.