Dimensional Fund Advisors LP Acquires 7,868 Shares of Scorpio Tankers Inc. $STNG

Dimensional Fund Advisors LP raised its stake in shares of Scorpio Tankers Inc. (NYSE:STNG) by 0.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,944,875 shares of the shipping company’s stock after purchasing an additional 7,868 shares during the period. Dimensional Fund Advisors LP owned approximately 5.77% of Scorpio Tankers worth $165,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of Scorpio Tankers by 17.4% in the third quarter. Versant Capital Management Inc now owns 1,160 shares of the shipping company’s stock valued at $65,000 after purchasing an additional 172 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Scorpio Tankers by 67.9% during the third quarter. Clearstead Advisors LLC now owns 507 shares of the shipping company’s stock worth $28,000 after buying an additional 205 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Scorpio Tankers by 1.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the shipping company’s stock valued at $680,000 after buying an additional 223 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Scorpio Tankers by 110.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 469 shares of the shipping company’s stock valued at $26,000 after buying an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Scorpio Tankers by 30.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,117 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 263 shares in the last quarter. 54.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. B. Riley Financial reiterated a “buy” rating on shares of Scorpio Tankers in a research note on Friday, February 13th. BTIG Research upped their price objective on shares of Scorpio Tankers from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $83.00 price objective on shares of Scorpio Tankers in a research note on Friday, February 13th. Bank of America restated an “underperform” rating on shares of Scorpio Tankers in a research note on Monday. Finally, Moffett Nathanson upgraded Scorpio Tankers to a “neutral” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.67.

Scorpio Tankers Trading Down 0.8%

Shares of STNG stock opened at $76.20 on Tuesday. The company has a quick ratio of 9.23, a current ratio of 9.33 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.94 billion, a P/E ratio of 10.78 and a beta of -0.31. The company has a 50 day moving average of $64.62 and a 200-day moving average of $59.42. Scorpio Tankers Inc. has a 12-month low of $30.63 and a 12-month high of $81.85.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings data on Thursday, February 12th. The shipping company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.37 by $0.25. Scorpio Tankers had a return on equity of 8.85% and a net margin of 36.70%.The business had revenue of $252.65 million for the quarter, compared to the consensus estimate of $238.93 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. Scorpio Tankers’s revenue for the quarter was up 23.8% on a year-over-year basis. Sell-side analysts anticipate that Scorpio Tankers Inc. will post 5.29 earnings per share for the current year.

Scorpio Tankers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 6th. This is a positive change from Scorpio Tankers’s previous quarterly dividend of $0.42. Scorpio Tankers’s dividend payout ratio is currently 25.46%.

Scorpio Tankers Company Profile

Scorpio Tankers Inc (NYSE: STNG) is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability.

The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.