B. Riley Initiates Coverage on Okeanis Eco Tankers (NYSE:ECO)

B. Riley started coverage on shares of Okeanis Eco Tankers (NYSE:ECO) in a report released on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $38.00 price target on the stock.

Okeanis Eco Tankers Trading Up 0.3 %

Shares of NYSE:ECO opened at $30.56 on Tuesday. Okeanis Eco Tankers has a fifty-two week low of $20.00 and a fifty-two week high of $32.46. The company has a 50-day moving average price of $29.97.

Okeanis Eco Tankers (NYSE:ECO) last released its earnings results on Thursday, February 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $91.67 million for the quarter.

Okeanis Eco Tankers Dividend Announcement

The company also recently announced a — dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a dividend of $0.66 per share. The ex-dividend date was Friday, March 8th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Glenorchy Capital Ltd acquired a new stake in shares of Okeanis Eco Tankers during the fourth quarter worth $678,000. UBS Group AG purchased a new position in Okeanis Eco Tankers during the fourth quarter worth about $781,000. Hsbc Holdings PLC acquired a new stake in Okeanis Eco Tankers in the 4th quarter worth about $804,000. Goldman Sachs Group Inc. acquired a new stake in Okeanis Eco Tankers in the 4th quarter worth about $1,250,000. Finally, Barclays PLC purchased a new stake in Okeanis Eco Tankers in the 4th quarter valued at about $3,499,000.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.