Teekay Tankers Ltd. (NYSE:TNK) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Teekay Tankers Ltd. (NYSE:TNK) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,295 shares of the shipping company’s stock after purchasing an additional 4,823 shares during the quarter. Barclays PLC owned about 0.11% of Teekay Tankers worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Townsquare Capital LLC acquired a new stake in Teekay Tankers in the 4th quarter valued at approximately $245,000. Sterling Capital Management LLC grew its stake in shares of Teekay Tankers by 7.0% in the fourth quarter. Sterling Capital Management LLC now owns 10,555 shares of the shipping company’s stock worth $420,000 after purchasing an additional 686 shares in the last quarter. Capital Fund Management S.A. increased its holdings in shares of Teekay Tankers by 21.7% during the fourth quarter. Capital Fund Management S.A. now owns 76,005 shares of the shipping company’s stock valued at $3,024,000 after purchasing an additional 13,550 shares during the period. Martingale Asset Management L P raised its stake in shares of Teekay Tankers by 13.4% during the fourth quarter. Martingale Asset Management L P now owns 64,541 shares of the shipping company’s stock valued at $2,568,000 after purchasing an additional 7,616 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Teekay Tankers by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 602,412 shares of the shipping company’s stock worth $23,970,000 after purchasing an additional 10,900 shares during the period. Institutional investors own 52.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TNK. Jefferies Financial Group restated a “buy” rating and set a $55.00 price target on shares of Teekay Tankers in a research report on Thursday, February 20th. Evercore ISI dropped their target price on Teekay Tankers from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.67.

Teekay Tankers Trading Up 2.0 %

Shares of NYSE TNK opened at $44.14 on Friday. Teekay Tankers Ltd. has a twelve month low of $33.35 and a twelve month high of $74.20. The firm has a 50-day moving average of $38.53 and a two-hundred day moving average of $41.27. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 3.90 and a beta of -0.10.

Teekay Tankers (NYSE:TNK) last released its earnings results on Wednesday, February 19th. The shipping company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.49 by $0.01. The business had revenue of $163.42 million during the quarter, compared to analyst estimates of $158.26 million. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. As a group, research analysts predict that Teekay Tankers Ltd. will post 7.13 earnings per share for the current year.

Teekay Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Monday, March 3rd. Teekay Tankers’s dividend payout ratio is presently 8.83%.

Teekay Tankers Company 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.