ECO

Okeanis Eco Tankers
ECO

$34.05

2.93%

Market Cap: $1.1B

About: Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.

Employees: 14

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

300% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 4

42% more capital invested

Capital invested by funds: $86M [Q1] → $122M (+$36.1M) [Q2]

30% more funds holding

Funds holding: 23 [Q1] → 30 (+7) [Q2]

1.01% more ownership

Funds ownership: 9.61% [Q1] → 10.62% (+1.01%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for ECO.

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Financial journalist opinion

Okeanis Eco Tankers: Top-Spec Fleet, Solid Balance Sheet, And Tempting Yield

Okeanis Eco Tankers has a 100% scrubber-equipped fleet, solid financials, and a 9.45% TTM dividend yield. The company's management took advantage of a wider spread between dirty and clean freight rates. Four of the company's VLCCs were cleaned up and turned into LR4s. ECO's recent refinancing improved its debt maturity schedule, enhancing liquidity and reducing capital expenses.

Okeanis Eco Tankers: Top-Spec Fleet, Solid Balance Sheet, And Tempting Yield

Okeanis Eco Tankers To Benefit From Crude Tanker Rate Rebound

Okeanis Tankers has a modern fleet of tanker vessels, focusing on fuel-efficient and compliant vessels, offering a high dividend yield and attractive earnings. The tanker market is expected to enter a multiyear super-cycle due to low fleet growth, aging vessels, and decreasing supply of ships, with ECO positioned to benefit. Factors such as OPEC production cuts, Chinese demand uncertainty, and geopolitical tensions could impact crude tanker rates and global oil transportation.

Okeanis Eco Tankers To Benefit From Crude Tanker Rate Rebound

Okeanis Eco Tankers Corp. – Ex Dividend Date

ATHENS, Greece, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Reference is made to the key information relating to Q2 2024 dividend announced by Okeanis Eco Tankers Corp. ("OET" or the "Company") (NYSE: ECO / OSE: OET) on August 9, 2024. The Company's shares will be traded ex dividend USD 1.10 per common share on the Oslo Stock Exchange from today, August 20, 2024 and on the New York Stock Exchange from tomorrow, August 21, 2024.

Okeanis Eco Tankers Corp. – Ex Dividend Date

Okeanis Eco Tankers Corp. (ECO) Q2 2024 Earnings Call Transcript

Okeanis Eco Tankers Corp. (NYSE:ECO ) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Aristidis Alafouzos - CEO Iraklis Sbarounis - CFO Conference Call Participants Liam Burke - B. Riley Petter Haugen - ABG Bendik Nyttingnes - Clarksons Securities Operator Welcome to OETs Second Quarter 2024 Financial Results Presentation.

Okeanis Eco Tankers Corp. (ECO) Q2 2024 Earnings Call Transcript

Okeanis Eco Tankers Corp. – Key Information relating to Q2 2024 dividend

ATHENS, Greece, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET), announced today that the Company's board of directors (the “Board”) has declared a dividend on its common shares, which is classified as a return of capital for accounting purposes (the “Dividend”).

Okeanis Eco Tankers Corp. – Key Information relating to Q2 2024 dividend

Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Second Quarter and Six-Month Period of 2024

ATHENS, Greece, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, “OET” or the “Company”) (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results for the second quarter and six-month period of 2024, which are attached to this press release.

Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Second Quarter and Six-Month Period of 2024

Okeanis Eco Tankers Corp. – Invitation to Q2 2024 Results Conference Call and Webcast

ATHENS, Greece, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited interim condensed results for the second quarter and first half year ended June 30, 2024, on Friday, August 9, 2024, and a webcast/teleconference will be held at 14:30 CET.

Okeanis Eco Tankers Corp. – Invitation to Q2 2024 Results Conference Call and Webcast

Zacks Investment Research

Analysts Estimate Okeanis Eco Tankers Corp. (ECO) to Report a Decline in Earnings: What to Look Out for

Okeanis Eco Tankers Corp. (ECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Okeanis Eco Tankers Corp. (ECO) to Report a Decline in Earnings: What to Look Out for

70 All-Star And Graham Value Stocks: 57 Fit To Buy In June

Large Cap Value rankings from YCharts identify stocks with low prices relative to their assets and profits. The Ben Graham Formula strategy selects stable stocks with strong earnings and dividends based on Graham's book "The Intelligent Investor". 57 out of 70 All-Star-Value Dividend stocks offer annual dividends (from $1K invested) exceeding their price per share.

70 All-Star And Graham Value Stocks: 57 Fit To Buy In June

Okeanis Eco Tankers Corp. – New Financing Update

ATHENS, Greece, June 20, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“we”, the “Company”, “OET” or “Okeanis”) (NYSE:ECO / OSE:OET) is pleased to announce the following financing update relating to its fleet.

Okeanis Eco Tankers Corp. – New Financing Update

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