Scorpio Tankers Inc. (NYSE:STNG) Shares Acquired by De Lisle Partners LLP

De Lisle Partners LLP grew its holdings in Scorpio Tankers Inc. (NYSE:STNG) by 32.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,258 shares of the shipping company’s stock after acquiring an additional 5,000 shares during the period. De Lisle Partners LLP’s holdings in Scorpio Tankers were worth $1,444,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Scorpio Tankers by 970.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 321 shares of the shipping company’s stock worth $25,000 after purchasing an additional 291 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Scorpio Tankers during the third quarter worth about $28,000. Fifth Third Bancorp grew its holdings in Scorpio Tankers by 319.0% during the second quarter. Fifth Third Bancorp now owns 419 shares of the shipping company’s stock worth $34,000 after acquiring an additional 319 shares during the period. Quarry LP lifted its holdings in Scorpio Tankers by 52.8% in the second quarter. Quarry LP now owns 663 shares of the shipping company’s stock valued at $54,000 after acquiring an additional 229 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its position in Scorpio Tankers by 34.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 695 shares of the shipping company’s stock worth $57,000 after purchasing an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 54.64% of the company’s stock.

Analyst Ratings Changes

STNG has been the subject of several recent research reports. Stifel Nicolaus lowered shares of Scorpio Tankers from a “buy” rating to a “hold” rating and cut their target price for the company from $90.00 to $65.00 in a report on Wednesday, October 23rd. Fearnley Fonds upgraded Scorpio Tankers to a “hold” rating in a research report on Friday, September 27th. Evercore ISI reduced their price target on Scorpio Tankers from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. StockNews.com cut Scorpio Tankers from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Bank of America dropped their price target on shares of Scorpio Tankers from $73.00 to $71.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Scorpio Tankers currently has a consensus rating of “Hold” and a consensus target price of $76.40.

Scorpio Tankers Stock Performance

NYSE STNG opened at $50.70 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.21 and a quick ratio of 2.18. The stock’s 50 day simple moving average is $62.76 and its 200-day simple moving average is $71.55. The company has a market cap of $2.56 billion, a PE ratio of 3.63 and a beta of 0.18. Scorpio Tankers Inc. has a 1-year low of $50.13 and a 1-year high of $84.67.

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 return on equity of 22.56% and a net margin of 52.40%. The company had revenue of $267.99 million for the quarter, compared to analyst estimates of $267.91 million. During the same quarter last year, the firm posted $1.91 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Scorpio Tankers Inc. will post 11.04 EPS for the current fiscal year.

Scorpio Tankers Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.16%. Scorpio Tankers’s payout ratio is presently 11.47%.

Scorpio Tankers 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.