Citigroup Inc. lifted its holdings in Euronav NV (NYSE:EURN – Get Rating) by 775.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 747,857 shares of the shipping company’s stock after acquiring an additional 662,401 shares during the period. Citigroup Inc. owned approximately 0.37% of Euronav worth $12,523,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. RFP Financial Group LLC acquired a new stake in shares of Euronav in the fourth quarter worth $51,000. BlackRock Inc. grew its holdings in Euronav by 43.8% during the 3rd quarter. BlackRock Inc. now owns 5,160 shares of the shipping company’s stock valued at $80,000 after purchasing an additional 1,572 shares in the last quarter. First Trust Advisors LP acquired a new stake in Euronav during the 3rd quarter valued at $163,000. Chapin Davis Inc. acquired a new stake in Euronav during the 4th quarter valued at $192,000. Finally, Bridgefront Capital LLC acquired a new stake in Euronav during the 3rd quarter valued at $195,000. Institutional investors and hedge funds own 68.04% of the company’s stock.
Euronav Trading Up 3.0 %
NYSE EURN opened at $16.64 on Wednesday. Euronav NV has a 12 month low of $10.51 and a 12 month high of $21.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.21 and a quick ratio of 2.05. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 7.96 and a beta of 0.22. The company’s fifty day moving average price is $16.93 and its two-hundred day moving average price is $17.29.
Euronav Announces Dividend
The firm also recently declared a dividend, which was paid on Thursday, March 2nd. Stockholders of record on Wednesday, February 22nd were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 21st. This represents a dividend yield of 0.74%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. DNB Markets raised their price target on shares of Euronav from $20.50 to $23.00 in a report on Tuesday, April 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $24.00 price target on shares of Euronav in a report on Tuesday, March 21st. StockNews.com assumed coverage on shares of Euronav in a report on Thursday, March 16th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Euronav from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, May 11th. Finally, Stifel Nicolaus upgraded shares of Euronav from a “hold” rating to a “buy” rating and increased their price objective for the company from $17.00 to $22.00 in a research note on Tuesday, April 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.53.
Euronav Company Profile
Euronav NV engages in the ocean transportation and storage of crude oil. The firm operates through the following segments: Operation of crude oil tankers on the international markets (Tankers) and Floating Production, Storage and Offloading Operations (FSO/FPSO). The Tankers segment provides shipping services for crude oil seaborne transportation.