Scorpio Tankers Inc. (NYSE:STNG) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Scorpio Tankers Inc. (NYSE:STNG) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,512,074 shares of the shipping company’s stock after acquiring an additional 10,854 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Scorpio Tankers worth $174,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Scorpio Tankers by 266.2% during the 4th quarter. FMR LLC now owns 2,613,611 shares of the shipping company’s stock worth $129,870,000 after purchasing an additional 1,899,981 shares during the period. Vanguard Group Inc. grew its position in Scorpio Tankers by 22.3% during the fourth quarter. Vanguard Group Inc. now owns 2,511,285 shares of the shipping company’s stock valued at $124,786,000 after buying an additional 458,120 shares during the period. Cooper Creek Partners Management LLC increased its holdings in Scorpio Tankers by 380.0% in the fourth quarter. Cooper Creek Partners Management LLC now owns 2,195,563 shares of the shipping company’s stock valued at $109,098,000 after buying an additional 1,738,190 shares in the last quarter. American Century Companies Inc. raised its position in shares of Scorpio Tankers by 10.9% in the fourth quarter. American Century Companies Inc. now owns 1,558,402 shares of the shipping company’s stock worth $77,437,000 after acquiring an additional 153,267 shares during the period. Finally, Norges Bank purchased a new stake in shares of Scorpio Tankers during the 4th quarter worth about $30,374,000. 54.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STNG has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 price target on shares of Scorpio Tankers in a research report on Thursday, February 13th. Stifel Nicolaus cut their price target on shares of Scorpio Tankers from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Evercore ISI reduced their price objective on shares of Scorpio Tankers from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $63.75.

Scorpio Tankers Stock Up 2.3 %

Shares of STNG opened at $35.23 on Thursday. The stock has a 50 day moving average price of $38.07 and a 200 day moving average price of $48.31. Scorpio Tankers Inc. has a one year low of $30.63 and a one year high of $84.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.39 and a current ratio of 2.43. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 2.70 and a beta of -0.01.

Scorpio Tankers (NYSE:STNG) last issued its earnings results on Wednesday, February 12th. The shipping company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Scorpio Tankers had a net margin of 53.76% and a return on equity of 18.01%. Equities research analysts forecast that Scorpio Tankers Inc. will post 5.29 earnings per share for the current fiscal year.

Scorpio Tankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Friday, March 7th. Scorpio Tankers’s dividend payout ratio is currently 12.27%.

Scorpio Tankers Company Profile

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.