Okeanis Eco Tankers Corp. (NYSE:ECO – Get Free Report) Director Financial Lp Qvt sold 8,539 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $65.04, for a total value of $555,376.56. Following the sale, the director owned 1,415,458 shares in the company, valued at approximately $92,061,388.32. This represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Financial Lp Qvt also recently made the following trade(s):
- On Friday, August 14th, Financial Lp Qvt sold 68,420 shares of Okeanis Eco Tankers stock. The stock was sold at an average price of $59.99, for a total value of $4,104,515.80.
Okeanis Eco Tankers Price Performance
Shares of NYSE ECO opened at $61.99 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.13 and a current ratio of 4.43. Okeanis Eco Tankers Corp. has a fifty-two week low of $25.47 and a fifty-two week high of $65.87. The stock has a market cap of $2.42 billion, a PE ratio of 5.78 and a beta of -0.15. The stock has a fifty day moving average of $56.02 and a 200-day moving average of $51.74.
Okeanis Eco Tankers Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be given a dividend of $5.25 per share. This is a boost from Okeanis Eco Tankers’s previous quarterly dividend of $2.00. This represents a $21.00 annualized dividend and a dividend yield of 33.9%. The ex-dividend date is Friday, August 14th. Okeanis Eco Tankers’s dividend payout ratio (DPR) is currently 195.90%.
Institutional Trading of Okeanis Eco Tankers
Large investors have recently modified their holdings of the business. Encompass Capital Advisors LLC purchased a new position in shares of Okeanis Eco Tankers during the fourth quarter worth about $27,416,000. FIL Ltd raised its stake in Okeanis Eco Tankers by 17.2% in the fourth quarter. FIL Ltd now owns 574,182 shares of the company’s stock valued at $19,339,000 after purchasing an additional 84,130 shares in the last quarter. Fearnley Asset Management AS purchased a new stake in Okeanis Eco Tankers in the fourth quarter valued at approximately $18,696,000. Marshall Wace LLP bought a new stake in Okeanis Eco Tankers during the fourth quarter valued at approximately $10,911,000. Finally, Bank of America Corp DE lifted its position in Okeanis Eco Tankers by 96.7% during the first quarter. Bank of America Corp DE now owns 278,305 shares of the company’s stock valued at $14,079,000 after purchasing an additional 136,782 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Pareto Securities lowered shares of Okeanis Eco Tankers from a “buy” rating to a “hold” rating and set a $57.50 target price on the stock. in a report on Monday, May 25th. Weiss Ratings raised shares of Okeanis Eco Tankers from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, August 6th. B. Riley Financial boosted their price target on shares of Okeanis Eco Tankers from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Clarkson Capital lowered shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.52.
About Okeanis Eco Tankers
Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.
As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.
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