Samalin Investment Counsel LLC purchased a new position in Okeanis Eco Tankers Corp. (NYSE:ECO – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,495 shares of the company’s stock, valued at approximately $1,011,000.
Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Okeanis Eco Tankers by 96.7% in the 1st 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. Walleye Capital LLC boosted its holdings in shares of Okeanis Eco Tankers by 71.9% in the 1st quarter. Walleye Capital LLC now owns 177,417 shares of the company’s stock worth $8,976,000 after purchasing an additional 74,231 shares during the period. Militia Capital Management LLC bought a new position in shares of Okeanis Eco Tankers during the 1st quarter valued at approximately $3,541,000. Energy Income Partners LLC increased its position in shares of Okeanis Eco Tankers by 3.4% during the 1st quarter. Energy Income Partners LLC now owns 69,118 shares of the company’s stock valued at $3,497,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Inspire Investing LLC purchased a new stake in Okeanis Eco Tankers during the 3rd quarter valued at $2,339,000.
Okeanis Eco Tankers Trading Down 0.1%
Shares of NYSE:ECO opened at $94.65 on Monday. Okeanis Eco Tankers Corp. has a 12-month low of $31.75 and a 12-month high of $100.68. The business’s fifty day simple moving average is $79.09 and its 200-day simple moving average is $62.87. The company has a market capitalization of $3.70 billion, a PE ratio of 8.83 and a beta of -0.19. The company has a current ratio of 4.43, a quick ratio of 4.13 and a debt-to-equity ratio of 0.76.
Okeanis Eco Tankers (NYSE:ECO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $5.91 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $1.30. Okeanis Eco Tankers had a return on equity of 62.06% and a net margin of 56.92%. The firm had revenue of $268.14 million during the quarter, compared to analysts’ expectations of $220.28 million. As a group, equities research analysts predict that Okeanis Eco Tankers Corp. will post 15.33 earnings per share for the current fiscal year.
Okeanis Eco Tankers Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 14th were given a dividend of $5.25 per share. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from Okeanis Eco Tankers’s previous quarterly dividend of $2.00. This represents a $21.00 annualized dividend and a dividend yield of 22.2%. Okeanis Eco Tankers’s payout ratio is currently 195.90%.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Wall Street Zen upgraded Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. B. Riley Financial lifted their price objective on shares of Okeanis Eco Tankers from $75.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Weiss Ratings upgraded shares of Okeanis Eco Tankers from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 9th. Finally, Zacks Research lowered shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Okeanis Eco Tankers presently has a consensus rating of “Hold” and an average price target of $67.85.
Insider Buying and Selling at Okeanis Eco Tankers
In other news, Director Financial Lp Qvt sold 68,420 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $59.99, for a total value of $4,104,515.80. Following the sale, the director directly owned 1,347,038 shares in the company, valued at approximately $80,808,809.62. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
About Okeanis Eco Tankers
Okeanis Eco Tankers Corp. is a maritime transportation company that owns and operates oceangoing tankers. The company focuses primarily on the transportation of crude oil and refined petroleum products for energy companies, commodity traders and other customers in the global oil industry.
Its fleet consists mainly of large crude carriers, including very large crude carriers (VLCCs) and Suezmax tankers, as well as product tankers designed to transport refined petroleum products. Okeanis Eco Tankers emphasizes fuel efficiency and environmental performance through the use of modern vessels and technologies intended to reduce emissions and operating consumption.
Okeanis Eco Tankers was established in 2018 and is headquartered in Athens, Greece.
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