GSA Capital Partners LLP Increases Stake in Scorpio Tankers Inc. $STNG

GSA Capital Partners LLP increased its position in shares of Scorpio Tankers Inc. (NYSE:STNG) by 414.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,171 shares of the shipping company’s stock after buying an additional 50,902 shares during the period. Scorpio Tankers comprises approximately 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 16th largest holding. GSA Capital Partners LLP’s holdings in Scorpio Tankers were worth $3,211,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STNG. SBI Securities Co. Ltd. increased its stake in shares of Scorpio Tankers by 110.3% during the third 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 period. Clearstead Advisors LLC increased its stake in shares of Scorpio Tankers by 67.9% during the third quarter. Clearstead Advisors LLC now owns 507 shares of the shipping company’s stock valued at $28,000 after buying an additional 205 shares during the period. Quantbot Technologies LP purchased a new position in shares of Scorpio Tankers during the third quarter valued at $36,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Scorpio Tankers during the third quarter valued at $41,000. Finally, Larson Financial Group LLC increased its stake in shares of Scorpio Tankers by 122.8% during the third quarter. Larson Financial Group LLC now owns 851 shares of the shipping company’s stock valued at $48,000 after buying an additional 469 shares during the period. Hedge funds and other institutional investors own 54.64% of the company’s stock.

Scorpio Tankers Trading Down 0.4%

Scorpio Tankers stock opened at $81.79 on Tuesday. The company has a quick ratio of 13.87, a current ratio of 13.98 and a debt-to-equity ratio of 0.16. Scorpio Tankers Inc. has a 52 week low of $37.96 and a 52 week high of $87.39. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 8.04 and a beta of -0.24. The stock has a 50-day moving average price of $76.25 and a 200 day moving average price of $66.29.

Scorpio Tankers (NYSE:STNG) last released its earnings results on Wednesday, May 6th. The shipping company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.23. Scorpio Tankers had a return on equity of 11.72% and a net margin of 48.44%.The firm had revenue of $312.86 million during the quarter, compared to the consensus estimate of $286.81 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue was up 46.2% compared to the same quarter last year. Sell-side analysts anticipate that Scorpio Tankers Inc. will post 11.44 EPS for the current year.

Scorpio Tankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. Scorpio Tankers’s payout ratio is 17.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America upgraded Scorpio Tankers from an “underperform” rating to a “buy” rating and raised their price target for the company from $76.00 to $100.00 in a research note on Thursday, May 7th. Evercore set a $96.00 price target on shares of Scorpio Tankers in a research report on Tuesday, May 5th. Dnb Carnegie lowered shares of Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Jefferies Financial Group started coverage on shares of Scorpio Tankers in a research report on Friday, April 24th. They set a “buy” rating and a $90.00 price target for the company. Finally, Zacks Research raised shares of Scorpio Tankers from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.17.

About Scorpio Tankers

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.