Okeanis Eco Tankers Corp. (NYSE:ECO) Shares Bought by Bank of America Corp DE

Bank of America Corp DE boosted its stake in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) by 25.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,307 shares of the company’s stock after buying an additional 4,798 shares during the quarter. Bank of America Corp DE owned 0.07% of Okeanis Eco Tankers worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ECO. Boston Partners acquired a new position in Okeanis Eco Tankers during the fourth quarter worth about $1,231,000. Arrowstreet Capital Limited Partnership grew its position in Okeanis Eco Tankers by 70.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company’s stock worth $10,579,000 after buying an additional 209,260 shares during the period. Wells Fargo & Company MN acquired a new position in Okeanis Eco Tankers during the fourth quarter worth about $78,000. Aristides Capital LLC acquired a new stake in shares of Okeanis Eco Tankers in the fourth quarter valued at approximately $227,000. Finally, FIL Ltd grew its position in shares of Okeanis Eco Tankers by 1.3% in the fourth quarter. FIL Ltd now owns 611,929 shares of the company’s stock valued at $12,439,000 after purchasing an additional 8,053 shares during the last quarter.

Okeanis Eco Tankers Stock Down 0.8%

ECO stock opened at $21.71 on Wednesday. The company’s 50 day simple moving average is $22.45 and its 200-day simple moving average is $22.32. The firm has a market capitalization of $698.77 million, a PE ratio of 6.42 and a beta of -0.08. Okeanis Eco Tankers Corp. has a 12 month low of $17.91 and a 12 month high of $35.64. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.64 and a quick ratio of 1.34.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.24 by $0.12. The business had revenue of $48.60 million for the quarter, compared to analyst estimates of $46.91 million. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. Equities analysts expect that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current fiscal year.

Okeanis Eco Tankers Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Wednesday, June 4th will be given a $0.32 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a dividend yield of 9.52%. Okeanis Eco Tankers’s dividend payout ratio is presently 51.61%.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.