Scorpio Tankers Inc. (NYSE:STNG) Stock Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of Scorpio Tankers Inc. (NYSE:STNG) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,558,402 shares of the shipping company’s stock after purchasing an additional 153,267 shares during the period. American Century Companies Inc.’s holdings in Scorpio Tankers were worth $77,437,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Segall Bryant & Hamill LLC grew its position in Scorpio Tankers by 2.1% in the third quarter. Segall Bryant & Hamill LLC now owns 12,103 shares of the shipping company’s stock worth $863,000 after acquiring an additional 252 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Scorpio Tankers by 212.2% in the third quarter. Advisors Asset Management Inc. now owns 2,023 shares of the shipping company’s stock worth $144,000 after purchasing an additional 1,375 shares in the last quarter. Intech Investment Management LLC bought a new stake in Scorpio Tankers in the third quarter worth $1,339,000. Massachusetts Financial Services Co. MA raised its holdings in Scorpio Tankers by 7.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 35,936 shares of the shipping company’s stock valued at $2,562,000 after buying an additional 2,467 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Scorpio Tankers by 120.1% in the third quarter. Citigroup Inc. now owns 58,576 shares of the shipping company’s stock worth $4,176,000 after buying an additional 31,960 shares during the last quarter. 54.64% of the stock is currently owned by institutional investors and hedge funds.

Scorpio Tankers Trading Up 0.9 %

Scorpio Tankers stock opened at $40.00 on Tuesday. Scorpio Tankers Inc. has a 52 week low of $37.14 and a 52 week 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 firm has a market capitalization of $2.02 billion, a PE ratio of 3.07 and a beta of 0.01. The business’s 50-day simple moving average is $44.57 and its 200-day simple moving average is $53.68.

Scorpio Tankers (NYSE:STNG) last issued its quarterly 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 return on equity of 18.01% and a net margin of 53.76%. Equities research analysts forecast that Scorpio Tankers Inc. will post 5.29 earnings per share for the current year.

Scorpio Tankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Friday, March 7th. Scorpio Tankers’s dividend payout ratio (DPR) is presently 12.27%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Scorpio Tankers in a report on Thursday, February 13th. Stifel Nicolaus dropped their price target on shares of Scorpio Tankers from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $68.75.

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.