BNP Paribas Financial Markets Boosts Stake in Okeanis Eco Tankers Corp. (NYSE:ECO)

BNP Paribas Financial Markets boosted its holdings in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) by 409.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,252 shares of the company’s stock after acquiring an additional 16,280 shares during the period. BNP Paribas Financial Markets’ holdings in Okeanis Eco Tankers were worth $661,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ECO. Lighthouse Investment Partners LLC purchased a new position in shares of Okeanis Eco Tankers during the 2nd quarter worth $2,086,000. Marshall Wace LLP acquired a new stake in shares of Okeanis Eco Tankers during the second quarter valued at about $247,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Okeanis Eco Tankers in the 2nd quarter valued at approximately $1,767,000. Hsbc Holdings PLC lifted its holdings in shares of Okeanis Eco Tankers by 123.9% in the 2nd quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock worth $5,692,000 after acquiring an additional 98,528 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Okeanis Eco Tankers during the 2nd quarter worth approximately $370,000.

Okeanis Eco Tankers Price Performance

ECO opened at $19.19 on Friday. The firm has a market cap of $617.80 million and a price-to-earnings ratio of 5.29. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 1.48. The stock’s 50-day moving average price is $26.74 and its 200 day moving average price is $30.01. Okeanis Eco Tankers Corp. has a 12-month low of $18.99 and a 12-month high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last released its earnings results on Friday, November 8th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.36. The firm had revenue of $84.93 million for the quarter, compared to analyst estimates of $74.61 million. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. As a group, sell-side analysts expect that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.38%. The ex-dividend date of this dividend was Monday, November 18th. Okeanis Eco Tankers’s payout ratio is currently 48.48%.

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.