Semanteon Capital Management LP Invests $974,000 in Teekay Tankers Ltd. (NYSE:TNK)

Semanteon Capital Management LP acquired a new stake in shares of Teekay Tankers Ltd. (NYSE:TNK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,498 shares of the shipping company’s stock, valued at approximately $974,000. Semanteon Capital Management LP owned approximately 0.06% of Teekay Tankers at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Teekay Tankers by 10,816.7% during the 3rd quarter. CWM LLC now owns 655 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 649 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in Teekay Tankers in the third quarter worth about $35,000. PNC Financial Services Group Inc. boosted its holdings in Teekay Tankers by 666.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the shipping company’s stock worth $62,000 after acquiring an additional 1,300 shares in the last quarter. Assetmark Inc. grew its stake in shares of Teekay Tankers by 175.0% during the third quarter. Assetmark Inc. now owns 1,510 shares of the shipping company’s stock worth $63,000 after acquiring an additional 961 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Teekay Tankers during the fourth quarter valued at about $80,000. Hedge funds and other institutional investors own 52.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com raised shares of Teekay Tankers from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. Jefferies Financial Group restated a “buy” rating and issued a $70.00 target price on shares of Teekay Tankers in a research note on Thursday, February 22nd. Evercore ISI lowered their price target on Teekay Tankers from $77.00 to $73.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Finally, Bank of America raised Teekay Tankers from a “neutral” rating to a “buy” rating and increased their price objective for the company from $56.00 to $72.00 in a report on Friday, January 19th.

Teekay Tankers Trading Up 2.7 %

NYSE:TNK traded up $1.53 on Thursday, reaching $58.13. 240,178 shares of the company’s stock were exchanged, compared to its average volume of 436,095. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 3.91, a price-to-earnings-growth ratio of 1.32 and a beta of -0.28. The company has a quick ratio of 4.02, a current ratio of 4.40 and a debt-to-equity ratio of 0.08. Teekay Tankers Ltd. has a 52-week low of $35.00 and a 52-week high of $64.42. The business has a fifty day moving average of $56.48 and a 200-day moving average of $53.52.

Teekay Tankers (NYSE:TNK) last issued its quarterly earnings results on Thursday, February 22nd. The shipping company reported $2.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.81). Teekay Tankers had a return on equity of 36.16% and a net margin of 37.65%. The firm had revenue of $194.46 million for the quarter, compared to analyst estimates of $219.93 million. As a group, analysts expect that Teekay Tankers Ltd. will post 14.28 earnings per share for the current year.

Teekay Tankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. Teekay Tankers’s payout ratio is 6.73%.

Teekay Tankers Profile

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.