Scorpio Tankers Inc. (NYSE:STNG) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of Scorpio Tankers Inc. (NYSE:STNG) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,558,402 shares of the shipping company’s stock after acquiring an additional 153,267 shares during the quarter. American Century Companies Inc. owned approximately 3.08% of Scorpio Tankers worth $77,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Segall Bryant & Hamill LLC lifted its holdings in Scorpio Tankers by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 12,103 shares of the shipping company’s stock valued at $863,000 after acquiring an additional 252 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Scorpio Tankers by 212.2% during the third quarter. Advisors Asset Management Inc. now owns 2,023 shares of the shipping company’s stock valued at $144,000 after purchasing an additional 1,375 shares during the last quarter. Intech Investment Management LLC bought a new stake in Scorpio Tankers during the third quarter worth approximately $1,339,000. Massachusetts Financial Services Co. MA boosted its holdings in Scorpio Tankers by 7.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 35,936 shares of the shipping company’s stock worth $2,562,000 after buying an additional 2,467 shares in the last quarter. Finally, Citigroup Inc. grew its position in Scorpio Tankers by 120.1% in the third quarter. Citigroup Inc. now owns 58,576 shares of the shipping company’s stock worth $4,176,000 after buying an additional 31,960 shares during the last quarter. 54.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Scorpio Tankers from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 target price on shares of Scorpio Tankers in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.75.

Scorpio Tankers Stock Performance

Shares of Scorpio Tankers stock opened at $40.00 on Tuesday. The stock has a market cap of $2.02 billion, a PE ratio of 3.07 and a beta of 0.01. Scorpio Tankers Inc. has a 12 month low of $37.14 and a 12 month high of $84.67. The company has a quick ratio of 2.39, a current ratio of 2.43 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $44.57 and a 200-day simple moving average of $53.68.

Scorpio Tankers (NYSE:STNG) last released its earnings results on Wednesday, February 12th. The shipping company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). Scorpio Tankers had a net margin of 53.76% and a return on equity of 18.01%. On average, sell-side analysts anticipate that Scorpio Tankers Inc. will post 5.29 EPS for the current fiscal year.

Scorpio Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Friday, March 7th. Scorpio Tankers’s payout ratio is presently 12.27%.

About Scorpio Tankers

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.