6,213 Shares in Teekay Tankers Ltd. (NYSE:TNK) Bought by Ieq Capital LLC

Ieq Capital LLC acquired a new position in shares of Teekay Tankers Ltd. (NYSE:TNK) in the fourth quarter, Holdings Channel.com reports. The firm acquired 6,213 shares of the shipping company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of Teekay Tankers during the fourth quarter valued at approximately $41,000. Millburn Ridgefield Corp purchased a new position in shares of Teekay Tankers during the 3rd quarter worth $132,000. US Bancorp DE acquired a new position in shares of Teekay Tankers during the 3rd quarter valued at about $231,000. ClearAlpha Technologies LP purchased a new stake in shares of Teekay Tankers in the third quarter valued at about $255,000. Finally, Entropy Technologies LP acquired a new stake in Teekay Tankers during the third quarter worth about $269,000. 52.67% of the stock is owned by hedge funds and other institutional investors.

Teekay Tankers Price Performance

NYSE TNK opened at $37.75 on Friday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 3.33 and a beta of -0.43. The firm’s 50-day moving average is $41.42 and its two-hundred day moving average is $47.18. Teekay Tankers Ltd. has a 12 month low of $36.04 and a 12 month high of $74.20.

Teekay Tankers (NYSE:TNK) last issued its quarterly earnings data on Wednesday, February 19th. The shipping company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.49 by $0.01. The firm had revenue of $163.42 million for the quarter, compared to analyst estimates of $158.26 million. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. As a group, analysts anticipate that Teekay Tankers Ltd. will post 7.13 EPS for the current year.

Teekay Tankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. Teekay Tankers’s dividend payout ratio is currently 8.83%.

Analyst Ratings Changes

TNK has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 target price on shares of Teekay Tankers in a report on Thursday, February 20th. Bank of America reiterated an “underperform” rating and issued a $46.00 price objective (down from $51.00) on shares of Teekay Tankers in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.00.

Teekay Tankers Company Profile

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.