Scorpio Tankers (NYSE:STNG) President Robert Bugbee Sells 231,799 Shares

Scorpio Tankers Inc. (NYSE:STNG) President Robert Bugbee sold 231,799 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $86.19, for a total value of $19,978,755.81. Following the sale, the president owned 665,288 shares of the company’s stock, valued at $57,341,172.72. This represents a 25.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Scorpio Tankers Stock Down 0.9%

Shares of NYSE STNG opened at $87.07 on Friday. Scorpio Tankers Inc. has a 1 year low of $48.93 and a 1 year high of $90.06. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 5.44 and a beta of -0.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.89 and a current ratio of 6.93. The stock’s 50-day simple moving average is $79.40 and its 200-day simple moving average is $77.58.

Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings results on Thursday, July 30th. The shipping company reported $4.68 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.12. Scorpio Tankers had a return on equity of 16.43% and a net margin of 67.16%.The firm had revenue of $408.73 million during the quarter, compared to the consensus estimate of $398.25 million. During the same quarter in the prior year, the business posted $1.41 earnings per share. Scorpio Tankers’s revenue for the quarter was up 77.5% on a year-over-year basis. As a group, equities analysts anticipate that Scorpio Tankers Inc. will post 11.21 earnings per share for the current fiscal year.

Scorpio Tankers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. Scorpio Tankers’s dividend payout ratio (DPR) is presently 11.24%.

More Scorpio Tankers News

Here are the key news stories impacting Scorpio Tankers this week:

• Positive Sentiment: BTIG’s higher price target gives investors a stronger bullish valuation signal, particularly as STNG trades near its 12-month high and has recently reported strong earnings growth. Benzinga coverage
• Neutral Sentiment: A broader article highlights shipping stocks with dividend yields as high as 9% but cautions that contract structures, balance sheets and payout histories vary widely. The discussion may increase attention on shipping dividends, but it does not provide a specific new catalyst for STNG. Shipping stock dividend article
• Negative Sentiment: Several insiders reported sizable share sales totaling roughly $36.6 million. President Robert Bugbee sold 231,799 shares, CFO Christopher Avella sold 56,500, COO Cameron Mackey sold 125,000, and insider Auste Adelborg sold 6,834 shares. The executives retained substantial holdings, and insider sales can reflect diversification or planned liquidity needs, but the concentration of selling may weigh on sentiment because it reduces insiders’ positions.

Institutional Trading of Scorpio Tankers

A number of institutional investors and hedge funds have recently modified their holdings of STNG. WINTON GROUP Ltd bought a new position in shares of Scorpio Tankers in the 2nd quarter worth about $478,000. Allworth Financial LP grew its position in shares of Scorpio Tankers by 4.9% during the 2nd quarter. Allworth Financial LP now owns 12,097 shares of the shipping company’s stock valued at $838,000 after buying an additional 568 shares during the last quarter. Corient Private Wealth LP bought a new stake in shares of Scorpio Tankers during the 2nd quarter valued at about $318,000. HB Wealth Management LLC acquired a new stake in Scorpio Tankers during the second quarter worth about $237,000. Finally, Navellier & Associates Inc. raised its stake in Scorpio Tankers by 141.7% during the second quarter. Navellier & Associates Inc. now owns 38,960 shares of the shipping company’s stock worth $2,698,000 after acquiring an additional 22,839 shares during the period. 54.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Zacks Research downgraded shares of Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Bank of America restated an “underperform” rating on shares of Scorpio Tankers in a research note on Tuesday, September 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Scorpio Tankers in a research report on Monday. Evercore reiterated an “outperform” rating and issued a $94.00 price target on shares of Scorpio Tankers in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $100.00 price objective on shares of Scorpio Tankers in a report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Scorpio Tankers currently has a consensus rating of “Hold” and an average target price of $91.57.

About Scorpio Tankers

Scorpio Tankers Inc is a marine transportation company that owns, operates and manages a fleet of product tankers. The company transports refined petroleum products, including gasoline, diesel, jet fuel and heating oil, as well as certain petrochemical feedstocks, for energy companies, commodity traders and other commercial customers.

Scorpio Tankers’ fleet has included medium-range, long-range and handymax product tankers, which serve different trade routes and cargo requirements. Its vessels operate internationally, carrying refined petroleum products between major refining, storage and consumption centers across regions including the Americas, Europe, the Middle East and Asia.

The company was established in 2009 and is headquartered in Monaco.