Oxford Asset Management acquired a new stake in Scorpio Tankers Inc. (NASDAQ:STNG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,376,389 shares of the company’s stock, valued at approximately $6,235,000.
A number of other large investors have also added to or reduced their stakes in STNG. Putnam FL Investment Management Co. raised its stake in Scorpio Tankers by 4.9% in the third quarter. Putnam FL Investment Management Co. now owns 35,335 shares of the company’s stock worth $164,000 after buying an additional 1,640 shares during the period. Wedbush Securities Inc. raised its stake in Scorpio Tankers by 2.8% in the third quarter. Wedbush Securities Inc. now owns 69,043 shares of the company’s stock worth $320,000 after buying an additional 1,901 shares during the period. Synovus Financial Corp raised its stake in Scorpio Tankers by 52.3% in the third quarter. Synovus Financial Corp now owns 21,675 shares of the company’s stock worth $100,000 after buying an additional 7,445 shares during the period. FDx Advisors Inc. raised its stake in Scorpio Tankers by 49.9% in the second quarter. FDx Advisors Inc. now owns 30,344 shares of the company’s stock worth $127,000 after buying an additional 10,105 shares during the period. Finally, Advisors Capital Management LLC raised its stake in Scorpio Tankers by 3.7% in the second quarter. Advisors Capital Management LLC now owns 319,056 shares of the company’s stock worth $1,340,000 after buying an additional 11,251 shares during the period.
Scorpio Tankers Inc. (NASDAQ:STNG) traded up 10.61% on Monday, hitting $3.96. 10,437,191 shares of the company were exchanged. The stock has a market cap of $636.94 million and a PE ratio of 16.43. The firm has a 50 day moving average of $4.23 and a 200-day moving average of $4.49. Scorpio Tankers Inc. has a 52-week low of $3.50 and a 52-week high of $6.70.
Scorpio Tankers (NASDAQ:STNG) last announced its earnings results on Monday, February 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. The company earned $105.60 million during the quarter, compared to the consensus estimate of $103.95 million. The business’s quarterly revenue was down 40.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. On average, equities analysts expect that Scorpio Tankers Inc. will post ($0.06) earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on the stock. Deutsche Bank AG upgraded shares of Scorpio Tankers from a “hold” rating to a “buy” rating in a report on Monday. Jefferies Group LLC reiterated a “buy” rating and set a $6.00 target price on shares of Scorpio Tankers in a report on Wednesday, November 16th. Zacks Investment Research lowered shares of Scorpio Tankers from a “hold” rating to a “sell” rating in a report on Wednesday, January 18th. Bank of America Corporation lowered shares of Scorpio Tankers from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $5.75 to $4.00 in a report on Tuesday, January 17th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $7.00 target price on shares of Scorpio Tankers in a report on Monday, October 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Scorpio Tankers has a consensus rating of “Hold” and a consensus price target of $6.81.
About Scorpio Tankers
Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, Panamax/LR1 and Aframax/LR2. The Company’s fleet consists of approximately 78 tankers (over 18 LR2 tankers, approximately 14 Handymax tankers and over 46 MR tankers) with a weighted average age of approximately 1.5 years, and approximately 11 time chartered-in tankers, which it operates (approximately three LR2 tankers, a LR1 tanker, over four MR tankers and approximately three Handymax tankers), which it refers to collectively as its Operating Fleet.
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