Scorpio Tankers (NYSE:STNG) Reaches New 52-Week High After Dividend Announcement

Scorpio Tankers Inc. (NYSE:STNG) reached a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $83.74 and last traded at $83.0940, with a volume of 2695 shares. The stock had previously closed at $82.99.

The newly announced dividend which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Scorpio Tankers’s payout ratio is currently 25.46%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BTIG Research boosted their price objective on Scorpio Tankers from $85.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group initiated coverage on Scorpio Tankers in a report on Friday, April 24th. They set a “buy” rating and a $90.00 target price for the company. Dnb Carnegie lowered Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Moffett Nathanson raised Scorpio Tankers to a “neutral” rating in a report on Monday, January 12th. Finally, Wall Street Zen raised Scorpio Tankers from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.50.

Scorpio Tankers Stock Performance

The company has a quick ratio of 9.23, a current ratio of 9.33 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $75.10 and a 200-day moving average price of $64.74. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 12.26 and a beta of -0.24.

Scorpio Tankers (NYSE:STNG) last released its earnings results on Tuesday, May 5th. The shipping company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.29. The firm had revenue of $312.86 million during the quarter, compared to the consensus estimate of $286.81 million. Scorpio Tankers had a return on equity of 8.85% and a net margin of 36.70%.The firm’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, equities research analysts forecast that Scorpio Tankers Inc. will post 8.79 earnings per share for the current year.

Scorpio Tankers News Summary

Here are the key news stories impacting Scorpio Tankers this week:

• Positive Sentiment: Q1 results beat expectations — EPS $3.02 vs. $2.73 est.; revenue $312.9M vs. $286.8M est.; revenue up ~46% YoY and net margin ~36.7%. The beat and solid margins reinforce cash generation and support shareholder returns. Earnings Beat
• Positive Sentiment: Board declared a quarterly cash dividend of $0.45/share (annualized $1.80; ~2.1% yield) with ex-dividend May 29 and pay date June 15 — adds income appeal and signals confidence in cash flow. Dividend & Repurchase Announcement
• Positive Sentiment: Board authorized replenishment/increase of the securities repurchase program to $500M — sizable buyback capacity is a direct support to the share price and boosts per-share metrics over time. Dividend & Repurchase Announcement
• Positive Sentiment: BTIG raised its price target from $85 to $100 and kept a “buy” rating — an influential upgrade that increases analyst-driven demand and suggests ~15% upside from the referenced price. BTIG Price Target Raise
• Neutral Sentiment: Company posted its earnings presentation and the full call transcript (useful for forward guidance and management commentary). Investors should review guidance/comments on fleet utilization, charter rates and contract coverage in the call. Earnings Call Transcript Slide Deck
• Neutral Sentiment: Valuation/positioning note — STNG is trading near its 1?year high and has a P/E around 12.3; while fundamentals are strong, the stock’s proximity to its high could limit short-term upside absent further positive catalysts. (Background data from recent market summary.)

Institutional Investors Weigh In On Scorpio Tankers

A number of institutional investors have recently added to or reduced their stakes in STNG. Merewether Investment Management LP acquired a new stake in Scorpio Tankers in the third quarter worth approximately $38,471,000. Assenagon Asset Management S.A. lifted its position in Scorpio Tankers by 136.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 853,712 shares of the shipping company’s stock worth $43,394,000 after purchasing an additional 492,584 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Scorpio Tankers by 68.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 806,049 shares of the shipping company’s stock worth $45,179,000 after purchasing an additional 326,973 shares during the period. AQR Capital Management LLC lifted its position in Scorpio Tankers by 91.9% in the second quarter. AQR Capital Management LLC now owns 642,673 shares of the shipping company’s stock worth $25,148,000 after purchasing an additional 307,815 shares during the period. Finally, Credit Agricole S A acquired a new stake in Scorpio Tankers in the third quarter worth approximately $16,703,000. 54.64% of the stock is currently owned by institutional investors and hedge funds.

Scorpio Tankers Company Profile

Scorpio Tankers Inc (NYSE: STNG) is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability.

The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.