Strs Ohio Purchases New Shares in Scorpio Tankers Inc. (NYSE:STNG)

Strs Ohio purchased a new stake in Scorpio Tankers Inc. (NYSE:STNGGet Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,800 shares of the shipping company’s stock, valued at approximately $75,000.

Several other large investors have also added to or reduced their stakes in the stock. US Bancorp DE lifted its position in Scorpio Tankers by 38.7% during the second quarter. US Bancorp DE now owns 1,082 shares of the shipping company’s stock valued at $37,000 after buying an additional 302 shares during the period. International Assets Investment Management LLC raised its position in shares of Scorpio Tankers by 3.1% in the 2nd quarter. International Assets Investment Management LLC now owns 10,353 shares of the shipping company’s stock worth $357,000 after purchasing an additional 308 shares during the last quarter. First Trust Advisors LP raised its position in shares of Scorpio Tankers by 3.6% in the 1st quarter. First Trust Advisors LP now owns 12,099 shares of the shipping company’s stock worth $259,000 after purchasing an additional 418 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of Scorpio Tankers in the 2nd quarter worth about $28,000. Finally, Ellevest Inc. raised its position in shares of Scorpio Tankers by 108.6% in the 2nd quarter. Ellevest Inc. now owns 1,882 shares of the shipping company’s stock worth $65,000 after purchasing an additional 980 shares during the last quarter. Institutional investors own 54.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. B. Riley lifted their price target on Scorpio Tankers from $50.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Stifel Nicolaus lifted their price target on Scorpio Tankers from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 14th. BTIG Research boosted their target price on Scorpio Tankers from $60.00 to $70.00 in a research report on Friday, December 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Scorpio Tankers from $52.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, January 12th. Finally, StockNews.com raised Scorpio Tankers from a “hold” rating to a “buy” rating in a research report on Tuesday, October 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Scorpio Tankers currently has an average rating of “Moderate Buy” and an average target price of $52.71.

Scorpio Tankers Trading Down 0.9 %

Scorpio Tankers stock opened at $49.05 on Friday. The business has a 50-day simple moving average of $52.01 and a two-hundred day simple moving average of $45.69. The company has a market cap of $2.86 billion, a P/E ratio of 9.77, a P/E/G ratio of 0.16 and a beta of 0.50. Scorpio Tankers Inc. has a 52-week low of $11.02 and a 52-week high of $57.71. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.44.

Scorpio Tankers (NYSE:STNGGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The shipping company reported $4.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.81 by $0.48. The business had revenue of $456.28 million during the quarter, compared to the consensus estimate of $417.90 million. Scorpio Tankers had a return on equity of 21.04% and a net margin of 26.86%. Analysts predict that Scorpio Tankers Inc. will post 12.03 EPS for the current year.

Scorpio Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, November 17th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.82%. Scorpio Tankers’s dividend payout ratio (DPR) is presently 7.97%.

Scorpio Tankers Company Profile

(Get Rating)

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. As of March 18, 2022, the company's fleet consisted of 124 owned, finance leased, or bareboat chartered-in tankers, including 42 LR2, 6 LR1, 62 MR, and 14 Handymax with a weighted average age of approximately 6.2 years.

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Institutional Ownership by Quarter for Scorpio Tankers (NYSE:STNG)

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