Hartree Partners Sells Shares of Teekay Tankers

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Mar 13 2026

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Source: NASDAQ.COM

Share Reduction Trade: On February 17, 2026, Hartree Partners disclosed to the SEC that it sold 254,101 shares of Teekay Tankers, an estimated $14.27 million transaction, reflecting its strategic response to market volatility.
Decline in Position Value: Following the trade, Hartree Partners' holdings decreased to 148,360 shares valued at $7.93 million, marking a $12.42 million drop in quarter-end position value, indicating challenges in the market environment.
Stable Performance: Teekay Tankers reported fourth-quarter revenue of approximately $258 million, with net income soaring from $82.1 million to $120.5 million, demonstrating the company's competitiveness in a robust spot tanker market.
Market Outlook Analysis: Despite Teekay Tankers' strong stock performance, management noted further increases in freight rates into early 2026, suggesting the company's strategic position in energy supply chains remains promising, yet Hartree's sell-off may reflect a focus on short-term profit-taking.

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About TNK

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 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.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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