Hartree Partners Sells Shares of Teekay Tankers in $14.27 Million Transaction

Written by Emily J. Thompson, Senior Investment Analyst

Source: Fool

Updated: Mar 13 2026

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Source: Fool

Share Reduction Details: Hartree Partners disclosed in an SEC filing that it sold 254,101 shares of Teekay Tankers during Q4 2026, amounting to approximately $14.27 million, which reduced its stake to 2.87% of its AUM.
Impact of Price Fluctuations: The sale resulted in a $12.42 million decrease in the value of Hartree's Teekay Tankers position, highlighting the direct impact of market volatility on its investment portfolio, particularly in the cyclical shipping sector.
Company Financial Performance: Teekay Tankers reported Q4 2026 revenue of about $258 million and net income of $120.5 million, a significant increase from $82.1 million a year earlier, indicating strong performance driven by robust spot tanker rates.
Market Outlook Analysis: Despite Teekay Tankers' stock rising 80% over the past year, Hartree's decision to reduce its holdings may reflect a cautious stance on future market volatility, prompting investors to monitor the ongoing strength in the tanker market and its potential impact on profitability.

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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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