Segall Bryant & Hamill LLC Purchases 2,639 Shares of Teekay Tankers Ltd. (NYSE:TNK)

Segall Bryant & Hamill LLC raised its position in Teekay Tankers Ltd. (NYSE:TNK) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 78,644 shares of the shipping company’s stock after acquiring an additional 2,639 shares during the period. Segall Bryant & Hamill LLC’s holdings in Teekay Tankers were worth $4,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC bought a new stake in Teekay Tankers in the 1st quarter valued at about $251,000. Vanguard Group Inc. increased its stake in shares of Teekay Tankers by 9.1% in the first quarter. Vanguard Group Inc. now owns 187,115 shares of the shipping company’s stock worth $10,929,000 after purchasing an additional 15,537 shares in the last quarter. EntryPoint Capital LLC raised its position in shares of Teekay Tankers by 76.5% in the first quarter. EntryPoint Capital LLC now owns 872 shares of the shipping company’s stock valued at $51,000 after purchasing an additional 378 shares during the period. BOKF NA purchased a new stake in shares of Teekay Tankers during the 1st quarter valued at approximately $271,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Teekay Tankers by 16.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,833 shares of the shipping company’s stock worth $400,000 after buying an additional 964 shares during the period. Hedge funds and other institutional investors own 52.67% of the company’s stock.

Analyst Ratings Changes

TNK has been the topic of a number of analyst reports. Fearnley Fonds raised shares of Teekay Tankers to a “strong-buy” rating in a report on Friday, September 27th. Bank of America reiterated an “underperform” rating and set a $46.00 price objective (down from $51.00) on shares of Teekay Tankers in a research note on Wednesday, November 13th. Jefferies Financial Group cut their target price on Teekay Tankers from $72.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, StockNews.com assumed coverage on Teekay Tankers in a research report on Thursday, October 10th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.67.

Teekay Tankers Stock Performance

NYSE:TNK opened at $41.74 on Friday. Teekay Tankers Ltd. has a 52-week low of $41.36 and a 52-week high of $74.20. The stock has a fifty day moving average of $52.19 and a 200 day moving average of $59.74. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 3.43, a P/E/G ratio of 1.28 and a beta of -0.32.

Teekay Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Tuesday, November 12th. Teekay Tankers’s payout ratio is 8.21%.

About Teekay Tankers

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.