Key Points
- CFO Christopher Avella sold 56,500 Scorpio Tankers shares at an average price of $86.57, generating approximately $4.89 million and reducing his ownership by 24.01% to 178,834 shares.
- Scorpio Tankers reported strong quarterly results, with EPS of $4.68 exceeding estimates and revenue rising 77.5% year over year to $408.73 million. The company also paid a quarterly dividend of $0.45 per share, equivalent to a 2.1% annualized yield.
- Analyst sentiment is mixed, with five Buy, five Hold and one Sell rating and a consensus price target of $91.57. The stock trades near its 12-month high, while several insiders have recently made sizable sales totaling roughly $36.6 million.
Scorpio Tankers Inc. (NYSE:STNG - Get Free Report) insider Auste Adelborg sold 6,834 shares of the firm's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $89.64, for a total value of $612,599.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Scorpio Tankers Stock Performance
Shares of STNG stock opened at $87.07 on Friday. The stock's 50-day moving average price is $79.40 and its 200 day moving average price is $77.58. The company has a quick ratio of 6.89, a current ratio of 6.93 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.39 billion, a PE ratio of 5.44 and a beta of -0.22. Scorpio Tankers Inc. has a 52-week low of $48.93 and a 52-week high of $90.06.
Scorpio Tankers (NYSE:STNG - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The shipping company reported $4.68 earnings per share for the quarter, topping analysts' consensus estimates of $4.56 by $0.12. Scorpio Tankers had a return on equity of 16.43% and a net margin of 67.16%.The company had revenue of $408.73 million during the quarter, compared to analysts' expectations of $398.25 million. During the same period last year, the firm earned $1.41 EPS. The firm's revenue for the quarter was up 77.5% on a year-over-year basis. As a group, equities research analysts forecast that Scorpio Tankers Inc. will post 11.21 EPS for the current year.
Scorpio Tankers Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, August 17th. Scorpio Tankers's dividend payout ratio is 11.24%.
Analyst Upgrades and Downgrades
STNG has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Scorpio Tankers from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 14th. Weiss Ratings restated a "hold (c)" rating on shares of Scorpio Tankers in a research report on Monday. Bank of America restated an "underperform" rating on shares of Scorpio Tankers in a research note on Tuesday, September 8th. Morgan Stanley set a $86.00 target price on shares of Scorpio Tankers in a report on Tuesday, August 18th. Finally, BTIG Research boosted their price target on shares of Scorpio Tankers from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $91.57.
Check Out Our Latest Analysis on STNG
Key Stories Impacting Scorpio Tankers
Here are the key news stories impacting Scorpio Tankers this week:
- Positive Sentiment: BTIG’s higher price target gives investors a stronger bullish valuation signal, particularly as STNG trades near its 12-month high and has recently reported strong earnings growth. Benzinga coverage
- Neutral Sentiment: A broader article highlights shipping stocks with dividend yields as high as 9% but cautions that contract structures, balance sheets and payout histories vary widely. The discussion may increase attention on shipping dividends, but it does not provide a specific new catalyst for STNG. Shipping stock dividend article
- Negative Sentiment: Several insiders reported sizable share sales totaling roughly $36.6 million. President Robert Bugbee sold 231,799 shares, CFO Christopher Avella sold 56,500, COO Cameron Mackey sold 125,000, and insider Auste Adelborg sold 6,834 shares. The executives retained substantial holdings, and insider sales can reflect diversification or planned liquidity needs, but the concentration of selling may weigh on sentiment because it reduces insiders’ positions.
Hedge Funds Weigh In On Scorpio Tankers
A number of large investors have recently modified their holdings of STNG. Assetmark Inc. acquired a new stake in shares of Scorpio Tankers in the 1st quarter valued at approximately $28,000. Root Financial Partners LLC boosted its stake in shares of Scorpio Tankers by 193.9% in the first quarter. Root Financial Partners LLC now owns 526 shares of the shipping company's stock valued at $39,000 after buying an additional 347 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in Scorpio Tankers during the second quarter worth $48,000. Leonteq Securities AG acquired a new position in Scorpio Tankers during the fourth quarter worth $75,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Scorpio Tankers during the second quarter worth $92,000. 54.64% of the stock is owned by hedge funds and other institutional investors.
About Scorpio Tankers
(
Get Free Report)
Scorpio Tankers Inc is a marine transportation company that owns, operates and manages a fleet of product tankers. The company transports refined petroleum products, including gasoline, diesel, jet fuel and heating oil, as well as certain petrochemical feedstocks, for energy companies, commodity traders and other commercial customers.
Scorpio Tankers' fleet has included medium-range, long-range and handymax product tankers, which serve different trade routes and cargo requirements. Its vessels operate internationally, carrying refined petroleum products between major refining, storage and consumption centers across regions including the Americas, Europe, the Middle East and Asia.
The company was established in 2009 and is headquartered in Monaco.
Further Reading
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