SCHEDULE: FMR LLC Discloses 7.1% Stake in Teekay Tankers

FMR LLC and Abigail P. Johnson have reported a 7.1% beneficial ownership stake in Teekay Tankers Ltd.'s Class A Common Stock as of September 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson beneficially own an aggregate of 2,108,375.53 shares of Teekay Tankers Ltd. Class A Common Stock.
• This ownership represents 7.1% of the total outstanding Class A Common Stock.
• The beneficial ownership was reported as of September 30, 2025.
• FMR LLC, a Delaware-organized parent holding company, holds sole voting power over 2,106,370.00 shares and sole dispositive power over 2,108,375.53 shares.
• Abigail P. Johnson, a U.S. citizen, holds sole dispositive power over 2,108,375.53 shares, reflecting her deemed control over FMR LLC's holdings.
• The filing was made under Rule 13d-1(b), certifying that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Fidelity Management & Research Company LLC and Strategic Advisers LLC, both classified as Investment Advisers, are identified as relevant entities, with Fidelity Management & Research Company LLC beneficially owning 5% or greater of the outstanding shares.

Sentiment

Score: 6

Explanation: The filing is a neutral disclosure of beneficial ownership. The presence of a significant stake by a major institutional investor like FMR LLC could be interpreted as a positive signal of confidence in Teekay Tankers Ltd.

Positives

• A significant stake of 7.1% in Teekay Tankers Ltd. is held by FMR LLC, a major institutional investor, which can be interpreted as a vote of confidence in the company's prospects.
• The filing indicates the shares are held in the ordinary course of business, suggesting a passive, long-term investment perspective rather than an activist intent.

Negatives

• No specific negative information about Teekay Tankers Ltd. is contained within this beneficial ownership report.

Risks

• No specific risks related to Teekay Tankers Ltd. are detailed in this beneficial ownership report, as it primarily serves as a disclosure of ownership.

Future Outlook

This filing does not contain forward-looking statements or guidance from Teekay Tankers Ltd. It is a disclosure of beneficial ownership by an external entity.

Industry Context

Schedule 13G filings are routine disclosures by institutional investors who acquire more than 5% of a company's voting shares, indicating a significant, passive investment. The involvement of FMR LLC, a major asset manager, in Teekay Tankers Ltd. suggests institutional interest in the tanker shipping sector, which is influenced by global trade, oil demand, and geopolitical factors affecting shipping routes and freight rates.

Stakeholder Impact

• Shareholders: Existing shareholders may view the significant institutional investment by FMR LLC as a positive indicator of confidence in Teekay Tankers Ltd.'s prospects, potentially leading to increased investor interest.
• Management: The company's management might see this as validation of their strategy and performance, potentially influencing future engagement with institutional investors.

Key Dates

Recommendation

This filing indicates a significant institutional investor, FMR LLC, holds a 7.1% stake in Teekay Tankers Ltd. While this signals institutional confidence and could be a positive long-term indicator, a Schedule 13G filing itself does not provide enough fundamental information about the company's operations, financial performance, or future prospects to warrant a 'buy' or 'sell' recommendation. Investors should 'hold' and conduct further due diligence on Teekay Tankers Ltd.'s financials and market position.

Keywords

Teekay Tankers, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, institutional investment, tanker shipping, Fidelity