Dimensional Fund Advisors LP has recently announced that it has increased stake in Scorpio Tankers Inc. (NYSE:STNG) by 6.21%. After grabbing 3.3 million shares, the institutional investor is now in possession of 0.19 million shares of the Energy Company. The new investment brought the stake of investor firm to 5.56% having worth around $199.33 million. Moreover, BlackRock Fund Advisors increased its share by 39831.0 to have a control over 2.4 million shares. And Goldman Sachs Asset Management LP raised its holdings to 0.42 million shares by acquiring 1.42 million shares or 2.40% of the stake.
Scorpio Tankers Inc. (STNG) concluded trading on 03/16/23 at a closing price of $54.12, with 1.31 million shares of worth about $70.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.37% during that period and on Thursday the price saw a loss of about -1.87%. Currently the company’s common shares owned by public are about 55.81M shares, out of which, 48.45M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 13 analysts are covering the STNG stock and their offered price forecasts bring an average price target of $74.32. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $87.00 and could fall to a lowest price of $60.00. The stock’s current price level is 23.63% above of average price target set by the analysts, while a rise to estimated low would result in gain of 9.8% for the stock. However, touching the estimated high of $87.00 would mean a gain of 37.79% for the stock.
iShares Russell 2000 ETF, DFA US Small Cap Value Portfolio, and Magallanes European Equity, FI are the top 3 mutual funds which are holding stakes in Scorpio Tankers Inc. iShares Russell 2000 ETF is currently holding 1.03 million shares of worth totaling $62.41 million. The company recently came selling 3276.0 shares which brought its stake up to 1.74% of the company’s outstanding shares. DFA US Small Cap Value Portfolio bought 54927.0 shares, after which its hold over company’s outstanding shares expand to 1.31%, leaving 0.78 million shares with the mutual fund that have a worth of about $46.97 million. Magallanes European Equity, FI, after selling 0.67 million shares, have now control over 1.13% of the stake in the company. It holds -0.31 million shares of worth $40.34 million.
Scorpio Tankers Inc. (NYSE: STNG) started trading at $54.47, below -$0.68 from concluding price of the previous day. However, the stock later moved at a day high price of 54.80, or with a loss of -1.87%. Stock saw a price change of -9.62% in past 5 days and over the past one month there was a price change of -10.49%. Year-to-date (YTD), STNG shares are showing a performance of 0.65% which increased to 209.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.13 but also hit the highest price of $64.20 during that period. The average intraday trading volume for Scorpio Tankers Inc. shares is 1.54 million. The stock is currently trading -9.89% below its 20-day simple moving average (SMA20), while that difference is down -0.73% for SMA50 and it goes to 17.18% higher than SMA200.
Dimensional Fund Advisors LP acquired 3.3 million shares of Scorpio Tankers Inc. having value of about $199.33 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 0.19 million shares in the company valued at close to $10449381.36, or have control over 6.21% stake in the company. Scorpio Tankers Inc. (NYSE: STNG) currently have 55.81M outstanding shares and institutions hold larger chunk of about 56.10% of that. Holding of mutual funds in the company is about 24.21% while other institutional holders and individual stake holders have control over 44.28% and — of the stake respectively.
The stock has a current market capitalization of $3.25B and its 3Y-monthly beta is at 0.38. PE ratio of stock for trailing 12 months is 5.41, while it has posted earnings per share of $10.01 in the same period. Its PEG reads 0.13 and has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STNG, volatility over the week remained 4.85% while standing at 4.08% over the month.
Analysts are in expectations that Scorpio Tankers Inc. (STNG) stock would likely to be making an EPS of $4.37 in the current quarter, while forecast for next quarter EPS is $3.36 and it is $9.91 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.42 which is $4.88 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.79 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 334.20% while it is estimated to decrease by -38.45% in next year. EPS is likely to grow at an annualized rate of 42.50% for next 5-years, compared to annual growth of 27.50% made by the stock over the past 5-years.
Analysts at 13 brokerage firms have issued recommendations for the Scorpio Tankers Inc. (STNG)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 13 Wall Street analysts, 12 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on March 08, 2023 offering an Overweight rating for the stock and assigned a target price of $87 to it. Coverage by Deutsche Bank stated Scorpio Tankers Inc. (STNG) stock as a Hold in their note to investors on October 11, 2022, suggesting a price target of $38 for the stock. On July 21, 2022, Jefferies Initiated their recommendations, while on April 27, 2022, Jefferies Resumed their ratings for the stock with a price target of $27. Stock get a Buy rating from BofA Securities on March 03, 2022.
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