Scorpio Tankers Inc. (NYSE:STNG) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its position in Scorpio Tankers Inc. (NYSE:STNG) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,103 shares of the shipping company’s stock after buying an additional 252 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Scorpio Tankers were worth $863,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in STNG. International Assets Investment Management LLC lifted its holdings in Scorpio Tankers by 8,249.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,880,188 shares of the shipping company’s stock worth $134,057,000 after buying an additional 1,857,668 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Scorpio Tankers by 176.6% in the 1st quarter. Vanguard Group Inc. now owns 860,575 shares of the shipping company’s stock worth $61,574,000 after buying an additional 549,395 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Scorpio Tankers by 1,357.2% in the 2nd quarter. Acadian Asset Management LLC now owns 283,505 shares of the shipping company’s stock worth $23,034,000 after buying an additional 264,049 shares in the last quarter. American Century Companies Inc. lifted its holdings in Scorpio Tankers by 20.3% in the 2nd quarter. American Century Companies Inc. now owns 1,185,762 shares of the shipping company’s stock worth $96,391,000 after buying an additional 199,858 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in Scorpio Tankers by 8.5% in the 2nd quarter. LSV Asset Management now owns 1,995,599 shares of the shipping company’s stock worth $162,222,000 after buying an additional 156,414 shares in the last quarter. Institutional investors and hedge funds own 54.64% of the company’s stock.

Scorpio Tankers Price Performance

Shares of NYSE:STNG opened at $52.74 on Monday. The company has a quick ratio of 2.18, a current ratio of 2.21 and a debt-to-equity ratio of 0.27. Scorpio Tankers Inc. has a fifty-two week low of $52.07 and a fifty-two week high of $84.67. The firm has a 50-day simple moving average of $63.84 and a 200 day simple moving average of $72.08. The company has a market cap of $2.66 billion, a PE ratio of 3.78 and a beta of 0.18.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Tuesday, October 29th. The shipping company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.14. Scorpio Tankers had a net margin of 52.40% and a return on equity of 22.56%. The business had revenue of $267.99 million during the quarter, compared to the consensus estimate of $267.91 million. During the same quarter in the prior year, the firm earned $1.91 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Scorpio Tankers Inc. will post 11.04 EPS for the current year.

Scorpio Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Friday, November 22nd. Scorpio Tankers’s dividend payout ratio is presently 11.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Scorpio Tankers from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Evercore ISI dropped their target price on shares of Scorpio Tankers from $84.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Bank of America dropped their target price on shares of Scorpio Tankers from $73.00 to $71.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Stifel Nicolaus downgraded shares of Scorpio Tankers from a “buy” rating to a “hold” rating and dropped their target price for the stock from $90.00 to $65.00 in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group dropped their target price on shares of Scorpio Tankers from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $76.40.

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.