Teekay Tankers Ltd. is a Bermuda-based company. The Company's primary business is to own and operate crude oil and refined product. operates mid-sized tankers. In addition, to its core business, the Company also provide STS support services, along with its tanker commercial management operations. The Company owns a fleet of approximately 42 double-hull tankers, including 24 Supermax tankers,18 Aframax/LR2 tankers, and has six time chartered-in tankers. Its vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. The Company also owns a crude carrier (VLCC) through a 50% owned joint venture. It owns a ship-to-ship transfer business that performs full-service lightering and lightering support operations in the United States, Gulf, and Caribbean.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 71.46.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 25.47%.
Fairly Valued
The company’s latest PB is 1.00, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 24.29M shares, decreasing 6.31% quarter-over-quarter.
Held by James Simons
Star Investor James Simons holds 784.52K shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.47.