Teekay Corporation Ltd. is a marine energy transportation company. The Company is a provider of international crude oil marine transportation and other marine services. Its marine services business in Australia provides operations, supply, maintenance and engineering support, and crewing and training services, primarily under long-term contracts with the Commonwealth of Australia for ten Australian government-owned vessels. In addition, it provides crewing services for a third party-owned FPSO unit in Western Australia. It provides vessel operation services for various vessels under contract with the Australian Government: seven vessels managed under the Defense Marine Support Services Program contract and Australian Border Force Cutter Ocean Shield. It operates mid-sized tankers, including suezmax, aframax, and long range two (LR2) vessels. Its services include commercial management, fuel services, and lightering and ship-to-ship services.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 70.61.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 64.72%.
Overvalued
The company’s latest PB is 1.03, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 72.42M shares, decreasing 2.82% quarter-over-quarter.
Held by James Simons
Star Investor James Simons holds 4.40M shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of -0.14.