NEOS Investment Management LLC Buys 74,894 Shares of Teekay Tankers Ltd. $TNK

Posted by Brian Himes on Sep 5th, 2026

NEOS Investment Management LLC increased its stake in shares of Teekay Tankers Ltd. (NYSE:TNK – Free Report) by 41.4% during the second quarter, HoldingsChannel reports. The fund owned 255,652 shares of the shipping company’s stock after buying an additional 74,894 shares during the period. NEOS Investment Management LLC’s holdings in Teekay Tankers were worth $16,584,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. acquired a new position in Teekay Tankers in the 4th quarter worth $33,000. Leonteq Securities AG acquired a new stake in shares of Teekay Tankers in the 4th quarter valued at about $34,000. Global Trust Asset Management LLC acquired a new stake in shares of Teekay Tankers in the 1st quarter valued at about $46,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Teekay Tankers by 2,948.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,067 shares of the shipping company’s stock valued at $57,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Teekay Tankers in the third quarter valued at about $63,000. 52.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director David Schellenberg sold 7,031 shares of Teekay Tankers stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $71.53, for a total transaction of $502,927.43. Following the completion of the sale, the director directly owned 7,445 shares of the company’s stock, valued at approximately $532,540.85. This trade represents a 48.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rohit (Rk2) Kapoor sold 6,375 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $89.28, for a total value of $569,160.00. Following the completion of the sale, the director owned 2,126 shares of the company’s stock, valued at $189,809.28. This trade represents a 74.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 14,147 shares of company stock valued at $1,138,777. Company insiders own 1.90% of the company’s stock.

Teekay Tankers Stock Up 2.0%

Shares of NYSE TNK opened at $93.63 on Friday. The business’s 50 day moving average price is $78.75 and its two-hundred day moving average price is $75.75. The company has a market cap of $3.23 billion, a PE ratio of 5.52 and a beta of -0.19. Teekay Tankers Ltd. has a twelve month low of $47.18 and a twelve month high of $94.44.

Teekay Tankers (NYSE:TNK – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The shipping company reported $5.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.05). Teekay Tankers had a net margin of 51.35% and a return on equity of 22.11%. The business had revenue of $258.26 million during the quarter, compared to analyst estimates of $299.03 million. During the same period in the previous year, the business earned $1.41 earnings per share. The business’s quarterly revenue was up 32.6% on a year-over-year basis. As a group, research analysts anticipate that Teekay Tankers Ltd. will post 15.4 EPS for the current fiscal year.

Teekay Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Monday, August 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Teekay Tankers’s dividend payout ratio is presently 5.89%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TNK shares. Evercore reiterated an “outperform” rating on shares of Teekay Tankers in a report on Wednesday, July 22nd. Zacks Research cut Teekay Tankers from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Bank of America upped their price target on Teekay Tankers from $69.00 to $75.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 20th. Weiss Ratings upgraded shares of Teekay Tankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Teekay Tankers from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Check Out Our Latest Stock Report on Teekay Tankers

Teekay Tankers Profile

(Free Report)

Teekay Tankers Ltd is an oil tanker shipping company that owns and operates a fleet of modern crude oil and petroleum product tankers. Listed on the New York Stock Exchange under the ticker symbol TNK, the company provides seaborne transportation services for crude oil, refined petroleum products and petrochemicals. Its operations range across major global trade lanes, offering a mix of spot market voyages and time-charter contracts to a diverse customer base in the oil and energy sector.

The company’s fleet includes a mix of Medium Range (MR), Long Range (LR1 and LR2), Suezmax and Aframax tankers designed to meet various cargo specifications and port restrictions.