Measured Wealth Private Client Group LLC Decreases Stock Holdings in Scorpio Tankers Inc. (NYSE:STNG)

Measured Wealth Private Client Group LLC lowered its position in Scorpio Tankers Inc. (NYSE:STNG) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,436 shares of the shipping company’s stock after selling 264 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Scorpio Tankers were worth $695,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Neo Ivy Capital Management purchased a new stake in Scorpio Tankers in the third quarter valued at about $27,000. CWM LLC raised its position in shares of Scorpio Tankers by 1,037.0% in the 3rd quarter. CWM LLC now owns 523 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 477 shares during the last quarter. Headinvest LLC acquired a new stake in Scorpio Tankers in the 3rd quarter worth approximately $51,000. Sunbelt Securities Inc. purchased a new stake in Scorpio Tankers during the 3rd quarter worth approximately $54,000. Finally, U S Global Investors Inc. increased its stake in Scorpio Tankers by 14.5% during the 4th quarter. U S Global Investors Inc. now owns 1,741 shares of the shipping company’s stock valued at $106,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 54.64% of the company’s stock.

Scorpio Tankers Price Performance

Shares of NYSE STNG traded up $0.90 during mid-day trading on Friday, reaching $72.40. The company’s stock had a trading volume of 486,310 shares, compared to its average volume of 675,385. The stock has a market capitalization of $3.85 billion, a P/E ratio of 7.29, a P/E/G ratio of 1.23 and a beta of 0.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 1.13. Scorpio Tankers Inc. has a 1-year low of $40.34 and a 1-year high of $74.04. The stock has a 50-day moving average of $70.42 and a two-hundred day moving average of $64.33.

Scorpio Tankers (NYSE:STNG) last issued its earnings results on Wednesday, February 14th. The shipping company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.13. The company had revenue of $336.30 million for the quarter, compared to the consensus estimate of $335.70 million. Scorpio Tankers had a net margin of 40.78% and a return on equity of 22.86%. Scorpio Tankers’s quarterly revenue was down 31.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.24 earnings per share. On average, equities research analysts anticipate that Scorpio Tankers Inc. will post 12.54 EPS for the current fiscal year.

Scorpio Tankers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were given a $0.40 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. This is a boost from Scorpio Tankers’s previous quarterly dividend of $0.35. Scorpio Tankers’s dividend payout ratio is presently 16.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on STNG shares. Evercore ISI lifted their price objective on shares of Scorpio Tankers from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 price target on shares of Scorpio Tankers in a research report on Wednesday, February 14th. JPMorgan Chase & Co. increased their price objective on Scorpio Tankers from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, StockNews.com lowered Scorpio Tankers from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Scorpio Tankers presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Scorpio Tankers Company Profile

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.