On April 18, 2023 at 10:06:09 ET an unusually large $2,244.75K block of Call contracts in Scorpio Tankers (STNG) was bought, with a strike price of $55.00 / share, expiring in 276 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 3.22 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in STNG options.
This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 428 funds or institutions reporting positions in Scorpio Tankers. This is an increase of 41 owner(s) or 10.59% in the last quarter. Average portfolio weight of all funds dedicated to STNG is 0.41%, an increase of 81.86%. Total shares owned by institutions increased in the last three months by 21.82% to 42,854K shares. The put/call ratio of STNG is 0.54, indicating a bullish outlook.
Analyst Price Forecast Suggests 21.29% Upside
As of April 7, 2023, the average one-year price target for Scorpio Tankers is $72.29. The forecasts range from a low of $60.60 to a high of $90.30. The average price target represents an increase of 21.29% from its latest reported closing price of $59.60.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Scorpio Tankers is $1,244MM, a decrease of 20.40%. The projected annual non-GAAP EPS is $8.58.
What are Other Shareholders Doing?
Schonfeld Strategic Advisors holds 6K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 127K shares, representing a decrease of 2,126.32%. The firm decreased its portfolio allocation in STNG by 94.29% over the last quarter.
NTKI – Nationwide Russell 2000 Risk-Managed Income ETF holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
Two Sigma Investments holds 1,187K shares representing 1.98% ownership of the company. In it’s prior filing, the firm reported owning 950K shares, representing an increase of 19.93%. The firm increased its portfolio allocation in STNG by 47.57% over the last quarter.
Cetera Advisors holds 4K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Destra International & Event-driven Credit Fund holds 64K shares representing 0.11% ownership of the company. In it’s prior filing, the firm reported owning 26K shares, representing an increase of 59.65%. The firm increased its portfolio allocation in STNG by 147.04% over the last quarter.
Scorpio Tankers Declares $0.20 Dividend
On February 15, 2023 the company declared a regular quarterly dividend of $0.20 per share ($0.80 annualized). Shareholders of record as of March 7, 2023 received the payment on March 31, 2023. Previously, the company paid $0.10 per share.
At the current share price of $59.60 / share, the stock’s dividend yield is 1.34%. Looking back five years and taking a sample every week, the average dividend yield has been 1.99%, the lowest has been 0.68%, and the highest has been 4.47%. The standard deviation of yields is 0.79 (n=237).
The current dividend yield is 0.82 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.08. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 1.00%, demonstrating that it has increased its dividend over time.
Scorpio Tankers Background Information
(This description is provided by the company.)
Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The Company currently owns or finance leases 109 product tankers (38 LR2 tankers, 12 LR1 tankers, 45 MR tankers and 14 Handymax tankers) with an average age of 3.3 years and time or bareboat charters?in 13 product tankers (one LR2 tanker, five MR tankers and seven Handymax tankers).
See all Scorpio Tankers regulatory filings.
This article originally appeared on Fintel
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