Okeanis Eco Tankers Corp. (NYSE:ECO) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its position in Okeanis Eco Tankers Corp. (NYSE:ECO) by 11.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 32,787 shares of the company’s stock after selling 4,371 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Okeanis Eco Tankers were worth $678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in Okeanis Eco Tankers during the third quarter worth $1,169,000. Wexford Capital LP raised its holdings in shares of Okeanis Eco Tankers by 7.1% during the third quarter. Wexford Capital LP now owns 22,204 shares of the company’s stock worth $728,000 after purchasing an additional 1,472 shares during the period. PDT Partners LLC lifted its position in shares of Okeanis Eco Tankers by 61.5% in the 3rd quarter. PDT Partners LLC now owns 20,254 shares of the company’s stock worth $663,000 after buying an additional 7,715 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Okeanis Eco Tankers by 409.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company’s stock worth $661,000 after buying an additional 16,280 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Okeanis Eco Tankers in the 3rd quarter valued at about $383,000.

Okeanis Eco Tankers Trading Up 2.0 %

NYSE:ECO opened at $22.25 on Tuesday. The firm has a market capitalization of $716.35 million, a P/E ratio of 6.58 and a beta of 0.57. The business has a 50 day simple moving average of $23.02 and a 200 day simple moving average of $25.52. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.64 and a quick ratio of 1.34. Okeanis Eco Tankers Corp. has a 12-month low of $18.79 and a 12-month high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. The company had revenue of $85.19 million during the quarter, compared to the consensus estimate of $82.46 million. Equities research analysts predict that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 6.29%. Okeanis Eco Tankers’s payout ratio is currently 41.42%.

Analyst Ratings Changes

Separately, B. Riley dropped their price objective on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.