Marianne Okland Sells 15,000 Shares of STNG
Marianne Okland sold 15,000 shares of STNG for over $1.23 million.
Key Points
- Marianne Okland sold 15,000 shares of STNG at an average price of $82.03, totaling $1.23 million on June 22, 2026.
- STNG shares traded at $82.45 on Tuesday, with a market cap and other key metrics not specified.
- Institutional investors like BlackRock and Dimensional Fund Advisors adjusted their STNG positions recently.
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Marianne Okland sold 15,000 shares of STNG on June 22, 2026, at an average price of $82.03 per share. This transaction totaled approximately $1.23 million. The sale was not part of a pre-arranged trading plan.
Insider Buying and Selling at Scorpio Tankers Inc.
Marianne Okland's recent sale of 15,000 shares on June 22, 2026, was not her first transaction this year. Earlier, on May 4, 2026, she purchased 7,500 shares at $83.47 each. Other insiders, such as Niccolo Camerana and Sujata Parekh Kumar, also bought shares on the same date at the same price.
Other Institutional Activity in STNG
BlackRock, Inc. increased its holdings in STNG by 83,499 shares, ending with 3,571,574 shares worth about $266.65 million. Dimensional Fund Advisors LP also added 122,874 shares, bringing its total to 3,128,150 shares valued at approximately $233.54 million. LSV Asset Management reduced its position by 23,429 shares, holding 1,702,057 shares worth $127.08 million. Two Sigma Investments, LP significantly boosted its stake by 1,019,152 shares, now holding 1,389,010 shares valued at $103.70 million. Victory Capital Management Inc also increased its holdings by 83,168 shares, finishing with 1,321,798 shares valued at $98.69 million.
Analysts Set New Price Targets
On May 7, 2026, B of A Securities upgraded STNG to a 'buy' rating with a price target of $100. BTIG maintained its 'buy' rating with the same target on May 5, 2026. Jefferies initiated coverage with a 'buy' rating and a $90 target on April 24, 2026. Evercore ISI Group maintained its 'buy' rating on April 22, 2026, with a price target of $93.
Bottom Line
Marianne Okland's recent sale of STNG shares adds to a series of insider transactions, reflecting ongoing trading activities. Institutional investors have been actively adjusting their positions in STNG, with notable increases and decreases among major funds. Analysts remain optimistic about STNG's prospects, with several firms setting high price targets. This insider activity and institutional interest provide insights into market sentiment, although 13F filings are backward-looking and may not reflect current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.