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13G Filing: Huber Capital Management and Teekay Tankers Ltd (TNK)

Teekay Tankers Ltd (NYSE:TNK): Joe Huber’s Huber Capital Management filed an amended 13D.

You can check out Huber Capital Management’s latest holdings and filings here.

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Joe Huber
Joe Huber
Huber Capital Management

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Huber Capital Management 8,539,211 0 14,408,242 0 14,408,242 5.94%
Joe Huber
Joe Huber
Huber Capital Management

Page 1 of 6 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

Teekay Tankers Ltd.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

Y8565N102

(CUSIP
Number)

November 29, 2017

(Date of Event Which Requires Filing of
this Statement)

Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:

x   Rule 13d-1(b)

¨   Rule 13d-1(c)

¨   Rule 13d-1(d)

The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange
Act of 1934 (“Act”) or otherwise subject to the liabilities of that Section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).

Persons who respond to the collection of
information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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Page 2 of 6 – SEC Filing

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

Huber Capital Management, LLC

20-8441410

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨

(b) ¨

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

8,539,211

6

SHARED VOTING POWER

0

7

SOLE DISPOSITIVE POWER

14,408,242

8

SHARED DISPOSITIVE POWER

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

14,408,242

10

CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
¨

(SEE INSTRUCTIONS)

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.94%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA

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Page 3 of 6 – SEC Filing

Preliminary Statement:

This
Schedule 13G is filed by Huber Capital Management, LLC (“HCM”) (“Huber” or the “Filer”) and
amends, supplements and replaces in its entirety the Schedule 13D filed on June 20, 2017, and as subsequently amended by the Filer
(the “Schedule 13D”), relating to shares of common stock of Teekay Tankers Ltd. (the “Issuer”). The Schedule
13D had superseded a Schedule 13G previously filed by the Filer on February 12, 2015, as subsequently amended.

The
Filer has determined that it no longer holds any shares of Class A common stock of the Issuer (“Common Stock”) with
any purpose, or with the effect of, changing or influencing control of the Issuer or in connection with or as a participant in
any transaction having that purpose or effect. In accordance with Rule 13d-1(h), the Filer accordingly determined to again report
its beneficial ownership of shares of Common Stock of the Issuer on Schedule 13G.

Item 1.

(a) Name of Issuer: Teekay Tankers Ltd.
(b) Address of Issuer’s Principal Executive Offices: 4th Floor, Belvedere Building,
69 Pitts Bay Road, Hamilton, HM 08 Bermuda.

Item 2.

(a) Name of Person Filing: Huber Capital Management, LLC, a Delaware limited liability company (“HCM”).
(b) Address of Person Filing: 2321 Rosecrans Avenue, Suite 3245, El Segundo, CA 90245
(c) Citizenship: Delaware
(d) Title of Class of Securities: Class A Common Stock
(e) CUSIP No.: Y8565N102

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Page 4 of 6 – SEC Filing

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person
filing is a:
(a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) x An investment adviser in accordance with § 240.13d-1(b)(ii)(E).
(f) ¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).
(g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).
(h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) ¨

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J)

(k) ¨

Group, in accordance with § 240.13d-1(b)(1)(ii)(K)

If filing as a non-U.S. institution in
accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:____________________.

Item 4. Ownership
(a) Amount Beneficially Owned:

(1)       HCM
beneficially owns, on behalf of its clients 14,408,242 shares of Common Stock.

(b) Percent of Class:

(1)       The
Common Shares beneficially owned by HCM constitute approximately 5.94% of the Issuer’s issued and outstanding Common Stock.

(c) Number of Shares as to which HCM has:

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Page 5 of 6 – SEC Filing

(i) Sole power to vote or to direct the vote: 8,539,211
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 14,408,242
(iv) Shared power to dispose or to direct the disposition of: 0

In addition, Mr. Joseph R. Huber,
who is the managing member and majority indirect owner of Huber Capital Holdings, LLC, which is in turn the owner of 100% of the
membership interests of HCM, individually owns shares of Common Stock and may be deemed to own the shares of Common Stock on behalf
of clients of HCM, of which he has, in the aggregate, sole power to vote or to direct the vote of 8,680,537 shares and sole power
to dispose or to direct the disposition of 14,549,568 shares of Common Stock, all of which he no longer holds with any
purpose, or with the effect of, changing or influencing control of the Issuer or in connection with or as a participant in any
transaction having that purpose or effect
.

Item 5. Ownership of Five Percent or Less of a Class:

N/A

If this statement is being filed
to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent
of the class of securities, check the following.

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

N/A

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported
on By the Parent Holding Company:

N/A

Item 8. Identification and Classification of Members of the Group:

N/A

 

Item 9. Notice of Dissolution of Group:

N/A

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Page 6 of 6 – SEC Filing

SIGNATURE

By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired
and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other
than activities solely in connection with a nomination under § 240.14a-11.

December 6, 2017

 

HUBER CAPITAL MANAGEMENT, LLC

By: /s/ Gary Thomas

Gary Thomas

Principal, COO/CCO

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