Scorpio Tankers (NYSE:STNG) President Sells 231,799 Shares

Scorpio Tankers Inc. (NYSE:STNG) President Robert Bugbee sold 231,799 shares of Scorpio Tankers stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $86.19, for a total value of $19,978,755.81. Following the completion of the sale, the president owned 665,288 shares in the company, valued at $57,341,172.72. This represents a 25.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Scorpio Tankers Trading Down 1.7%

Shares of STNG traded down $1.53 during midday trading on Friday, hitting $86.32. 442,263 shares of the stock were exchanged, compared to its average volume of 1,021,008. Scorpio Tankers Inc. has a 52-week low of $48.93 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.89 and a current ratio of 6.93. The stock has a fifty day simple moving average of $79.24 and a 200 day simple moving average of $77.51. The firm has a market cap of $4.35 billion, a P/E ratio of 5.39 and a beta of -0.22.

Scorpio Tankers (NYSE:STNG) last announced its earnings results on Thursday, July 30th. The shipping company reported $4.68 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.12. The company had revenue of $408.73 million during the quarter, compared to analysts’ expectations of $398.25 million. Scorpio Tankers had a return on equity of 16.43% and a net margin of 67.16%.Scorpio Tankers’s revenue for the quarter was up 77.5% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. On average, research analysts anticipate that Scorpio Tankers Inc. will post 11.21 EPS for the current fiscal year.

Scorpio Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a $0.45 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. Scorpio Tankers’s payout ratio is 11.24%.

More Scorpio Tankers News

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

• Positive Sentiment: BTIG raises price target to $110: BTIG Research lifted its price target for Scorpio Tankers from $100 to $110 and maintained a “buy” rating, implying substantial upside from recent trading levels. The firm’s optimism supports the investment case, although tanker stocks remain sensitive to freight rates and industry conditions. Shipping stocks and dividend yields article
• Neutral Sentiment: Dividend appeal comes with risks: A review of high-yield shipping stocks highlights that attractive payouts can vary significantly in sustainability depending on charter contracts, balance-sheet strength and payout history. The discussion may draw attention to Scorpio Tankers’ income potential, but also underscores the cyclical risks facing tanker dividends. Shipping stocks and dividend yields article
• Negative Sentiment: Multiple insiders sell shares: CFO Christopher Avella sold 56,500 shares for approximately $4.9 million, reducing his ownership by about 24%. COO Cameron Mackey sold 125,000 shares worth roughly $11.1 million, cutting his position by approximately 14.5%. Another insider, Auste Adelborg, sold 6,834 shares valued at about $612,600. The sales were disclosed in SEC filings; although insider transactions may reflect personal liquidity or diversification, the concentration of selling can weigh on investor sentiment. CFO SEC filing COO SEC filing Insider SEC filing

Analysts Set New Price Targets

STNG has been the subject of several research reports. Jefferies Financial Group restated a “buy” rating and issued a $100.00 price target on shares of Scorpio Tankers in a research note on Tuesday, August 4th. Evercore reissued an “outperform” rating and set a $94.00 target price on shares of Scorpio Tankers in a research note on Wednesday, July 22nd. Zacks Research lowered Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Bank of America reiterated an “underperform” rating on shares of Scorpio Tankers in a research note on Tuesday, September 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Scorpio Tankers in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.57.

Institutional Trading of Scorpio Tankers

Institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd acquired a new position in shares of Scorpio Tankers during the 2nd quarter worth about $478,000. Allworth Financial LP raised its position in shares of Scorpio Tankers by 4.9% during the 2nd quarter. Allworth Financial LP now owns 12,097 shares of the shipping company’s stock worth $838,000 after acquiring an additional 568 shares in the last quarter. Corient Private Wealth LP purchased a new stake in Scorpio Tankers during the second quarter worth approximately $318,000. HB Wealth Management LLC acquired a new position in Scorpio Tankers in the second quarter valued at approximately $237,000. Finally, Navellier & Associates Inc. boosted its holdings in Scorpio Tankers by 141.7% in the second quarter. Navellier & Associates Inc. now owns 38,960 shares of the shipping company’s stock valued at $2,698,000 after purchasing an additional 22,839 shares in the last quarter. 54.64% of the stock is owned by hedge funds and other institutional investors.

About Scorpio Tankers

Scorpio Tankers Inc is a marine transportation company that owns, operates and manages a fleet of product tankers. The company transports refined petroleum products, including gasoline, diesel, jet fuel and heating oil, as well as certain petrochemical feedstocks, for energy companies, commodity traders and other commercial customers.

Scorpio Tankers’ fleet has included medium-range, long-range and handymax product tankers, which serve different trade routes and cargo requirements. Its vessels operate internationally, carrying refined petroleum products between major refining, storage and consumption centers across regions including the Americas, Europe, the Middle East and Asia.

The company was established in 2009 and is headquartered in Monaco.