Scorpio Tankers (NYSE:STNG) Sets New 12-Month High Following Dividend Announcement

Shares of Scorpio Tankers Inc. (NYSE:STNG) reached a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $83.74 and last traded at $83.0940, with a volume of 2695 shares trading hands. The stock had previously closed at $82.99.

The newly announced dividend which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.45 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.80 annualized dividend and a yield of 2.1%. Scorpio Tankers’s dividend payout ratio (DPR) is currently 25.46%.

Analysts Set New Price Targets

Several brokerages recently weighed in on STNG. Dnb Carnegie downgraded shares of Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Jefferies Financial Group began coverage on shares of Scorpio Tankers in a research report on Friday, April 24th. They issued a “buy” rating and a $90.00 price objective on the stock. Evercore set a $96.00 price objective on shares of Scorpio Tankers in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $83.00 price objective on shares of Scorpio Tankers in a research report on Friday, February 13th. Finally, Bank of America raised their target price on shares of Scorpio Tankers from $70.00 to $72.00 and gave the company an “underperform” rating in a research note on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.50.

Scorpio Tankers Stock Performance

The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 12.26 and a beta of -0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 9.23 and a current ratio of 9.33. The company’s 50 day simple moving average is $75.10 and its 200 day simple moving average is $64.74.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Tuesday, May 5th. The shipping company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.29. The company had revenue of $312.86 million for the quarter, compared to analysts’ expectations of $286.81 million. Scorpio Tankers had a net margin of 36.70% and a return on equity of 8.85%. The business’s revenue was up 46.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. On average, equities research analysts anticipate that Scorpio Tankers Inc. will post 8.79 earnings per share for the current year.

Trending Headlines about Scorpio Tankers

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

• Positive Sentiment: Q1 results beat expectations — EPS $3.02 vs. $2.73 est.; revenue $312.9M vs. $286.8M est.; revenue up ~46% YoY and net margin ~36.7%. The beat and solid margins reinforce cash generation and support shareholder returns. Earnings Beat
• Positive Sentiment: Board declared a quarterly cash dividend of $0.45/share (annualized $1.80; ~2.1% yield) with ex-dividend May 29 and pay date June 15 — adds income appeal and signals confidence in cash flow. Dividend & Repurchase Announcement
• Positive Sentiment: Board authorized replenishment/increase of the securities repurchase program to $500M — sizable buyback capacity is a direct support to the share price and boosts per-share metrics over time. Dividend & Repurchase Announcement
• Positive Sentiment: BTIG raised its price target from $85 to $100 and kept a “buy” rating — an influential upgrade that increases analyst-driven demand and suggests ~15% upside from the referenced price. BTIG Price Target Raise
• Neutral Sentiment: Company posted its earnings presentation and the full call transcript (useful for forward guidance and management commentary). Investors should review guidance/comments on fleet utilization, charter rates and contract coverage in the call. Earnings Call Transcript Slide Deck
• Neutral Sentiment: Valuation/positioning note — STNG is trading near its 1‑year high and has a P/E around 12.3; while fundamentals are strong, the stock’s proximity to its high could limit short-term upside absent further positive catalysts. (Background data from recent market summary.)

Hedge Funds Weigh In On Scorpio Tankers

Several hedge funds have recently made changes to their positions in STNG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Scorpio Tankers by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,500 shares of the shipping company’s stock worth $996,000 after purchasing an additional 1,144 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Scorpio Tankers by 9.4% in the 1st quarter. Intech Investment Management LLC now owns 32,478 shares of the shipping company’s stock worth $1,221,000 after purchasing an additional 2,802 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Scorpio Tankers by 11.2% in the 2nd quarter. Legal & General Group Plc now owns 9,985 shares of the shipping company’s stock worth $391,000 after purchasing an additional 1,005 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Scorpio Tankers by 593.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,807 shares of the shipping company’s stock worth $110,000 after purchasing an additional 2,402 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Scorpio Tankers by 3.1% in the 2nd quarter. Marshall Wace LLP now owns 151,604 shares of the shipping company’s stock worth $5,932,000 after purchasing an additional 4,618 shares during the last quarter. Institutional investors and hedge funds own 54.64% of the company’s stock.

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.