9,174 Shares in Teekay Tankers Ltd. $TNK Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in Teekay Tankers Ltd. (NYSE:TNK) during the second quarter, HoldingsChannel reports. The institutional investor bought 9,174 shares of the shipping company’s stock, valued at approximately $383,000.

A number of other large investors have also recently bought and sold shares of TNK. GAMMA Investing LLC increased its position in Teekay Tankers by 77.0% during the second quarter. GAMMA Investing LLC now owns 906 shares of the shipping company’s stock worth $38,000 after buying an additional 394 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Teekay Tankers by 13.0% during the second quarter. TD Private Client Wealth LLC now owns 2,084 shares of the shipping company’s stock valued at $87,000 after acquiring an additional 240 shares during the last quarter. CWM LLC boosted its stake in shares of Teekay Tankers by 399.3% during the first quarter. CWM LLC now owns 3,480 shares of the shipping company’s stock valued at $133,000 after acquiring an additional 2,783 shares during the last quarter. U S Global Investors Inc. purchased a new stake in Teekay Tankers during the 2nd quarter worth about $158,000. Finally, Cable Hill Partners LLC acquired a new position in Teekay Tankers in the 1st quarter valued at about $184,000. Institutional investors and hedge funds own 52.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TNK shares. Clarkson Capital upgraded shares of Teekay Tankers to a “strong-buy” rating in a report on Wednesday, October 8th. Jefferies Financial Group increased their price target on shares of Teekay Tankers from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Teekay Tankers in a report on Wednesday, October 8th. Evercore ISI upped their price objective on Teekay Tankers from $53.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, Zacks Research raised Teekay Tankers from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Teekay Tankers Stock Performance

Shares of NYSE:TNK opened at $61.80 on Thursday. The company has a market cap of $2.13 billion, a P/E ratio of 6.87 and a beta of -0.11. The business’s 50-day simple moving average is $54.64 and its 200 day simple moving average is $48.34. Teekay Tankers Ltd. has a one year low of $33.35 and a one year high of $62.09.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings data on Wednesday, October 29th. The shipping company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.04. Teekay Tankers had a return on equity of 10.81% and a net margin of 32.87%.The company had revenue of $115.21 million for the quarter, compared to the consensus estimate of $133.65 million. During the same period in the previous year, the business earned $0.23 EPS. Teekay Tankers’s revenue for the quarter was down 16.5% compared to the same quarter last year. Analysts predict that Teekay Tankers Ltd. will post 7.13 earnings per share for the current year.

Teekay Tankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Monday, November 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 10th. Teekay Tankers’s payout ratio is 11.11%.

Teekay Tankers 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.