Scorpio Tankers (NYSE:STNG) Insider Auste Adelborg Sells 6,834 Shares of Stock

Scorpio Tankers Inc. (NYSE:STNG) insider Auste Adelborg sold 6,834 shares of Scorpio Tankers stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $89.64, for a total transaction of $612,599.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Scorpio Tankers Stock Performance

NYSE:STNG opened at $87.07 on Friday. The firm has a market capitalization of $4.39 billion, a PE ratio of 5.44 and a beta of -0.22. The business’s fifty day moving average price is $79.40 and its 200 day moving average price is $77.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.93 and a quick ratio of 6.89. Scorpio Tankers Inc. has a 12 month low of $48.93 and a 12 month high of $90.06.

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

Scorpio Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a $0.45 dividend. The ex-dividend date 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 is presently 11.24%.

Institutional Investors Weigh In On Scorpio Tankers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new position in shares of Scorpio Tankers in the 2nd quarter valued at $478,000. Allworth Financial LP boosted its stake in Scorpio Tankers by 4.9% during the 2nd quarter. Allworth Financial LP now owns 12,097 shares of the shipping company’s stock worth $838,000 after purchasing an additional 568 shares during the period. Corient Private Wealth LP acquired a new stake in Scorpio Tankers during the 2nd quarter worth $318,000. HB Wealth Management LLC purchased a new position in Scorpio Tankers during the 2nd quarter worth $237,000. Finally, Navellier & Associates Inc. grew its position in Scorpio Tankers by 141.7% during the 2nd quarter. Navellier & Associates Inc. now owns 38,960 shares of the shipping company’s stock worth $2,698,000 after purchasing an additional 22,839 shares during the last quarter. Hedge funds and other institutional investors own 54.64% of the company’s stock.

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.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on STNG shares. Zacks Research downgraded Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Wall Street Zen cut shares of Scorpio Tankers from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 14th. BTIG Research lifted their price target on shares of Scorpio Tankers from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday. Evercore reiterated an “outperform” rating and set a $94.00 price target on shares of Scorpio Tankers in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Scorpio Tankers in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $91.57.

Scorpio Tankers Company Profile

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.