Savant Capital LLC Trims Stock Position in Scorpio Tankers Inc. $STNG

Savant Capital LLC reduced its position in Scorpio Tankers Inc. (NYSE:STNG) by 75.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,208 shares of the shipping company’s stock after selling 16,167 shares during the period. Savant Capital LLC’s holdings in Scorpio Tankers were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of STNG. Intech Investment Management LLC lifted its holdings in Scorpio Tankers by 23.3% during the fourth quarter. Intech Investment Management LLC now owns 17,847 shares of the shipping company’s stock valued at $907,000 after purchasing an additional 3,373 shares in the last quarter. MQS Management LLC purchased a new stake in Scorpio Tankers during the 4th quarter valued at about $477,000. Global Retirement Partners LLC grew its stake in Scorpio Tankers by 1,645.2% during the 4th quarter. Global Retirement Partners LLC now owns 541 shares of the shipping company’s stock valued at $27,000 after acquiring an additional 510 shares in the last quarter. Leonteq Securities AG purchased a new stake in Scorpio Tankers during the 4th quarter valued at about $75,000. Finally, GSA Capital Partners LLP grew its stake in Scorpio Tankers by 414.9% during the 4th quarter. GSA Capital Partners LLP now owns 63,171 shares of the shipping company’s stock valued at $3,211,000 after acquiring an additional 50,902 shares in the last quarter. Institutional investors and hedge funds own 54.64% of the company’s stock.

Scorpio Tankers Trading Up 1.1%

Shares of STNG stock opened at $75.93 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 13.87 and a current ratio of 13.98. The stock has a market capitalization of $3.83 billion, a P/E ratio of 7.47 and a beta of -0.26. The company has a 50 day moving average price of $78.14 and a 200 day moving average price of $67.78. Scorpio Tankers Inc. has a fifty-two week low of $38.83 and a fifty-two week high of $87.39.

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

Scorpio Tankers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.45 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. Scorpio Tankers’s payout ratio is currently 17.70%.

Wall Street Analyst Weigh In

STNG has been the subject of several research reports. Jefferies Financial Group assumed coverage on shares of Scorpio Tankers in a research note on Friday, April 24th. They set a “buy” rating and a $90.00 price objective for the company. Dnb Carnegie cut shares of Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Bank of America upgraded shares of Scorpio Tankers from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $100.00 in a research report on Thursday, May 7th. B. Riley Financial restated a “buy” rating on shares of Scorpio Tankers in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $83.00 price target on shares of Scorpio Tankers in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.50.

Scorpio Tankers 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.