Wiley BROS. Aintree Capital LLC decreased its stake in Euronav NV (NYSE:EURN) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,611 shares of the shipping company’s stock after selling 7,525 shares during the quarter. Euronav makes up about 1.0% of Wiley BROS. Aintree Capital LLC’s investment portfolio, making the stock its 29th largest position. Wiley BROS. Aintree Capital LLC’s holdings in Euronav were worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Euronav by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 148,865 shares of the shipping company’s stock worth $1,295,000 after purchasing an additional 7,207 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Euronav by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 165,588 shares of the shipping company’s stock worth $1,148,000 after acquiring an additional 8,635 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Euronav during the third quarter worth $166,000. Stevens Capital Management LP bought a new stake in shares of Euronav during the third quarter worth $205,000. Finally, Jefferies Group LLC bought a new stake in shares of Euronav during the third quarter worth $229,000. 34.68% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on EURN shares. ValuEngine downgraded Euronav from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research downgraded Euronav from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. DNB Markets upgraded Euronav from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. JPMorgan Chase & Co. upgraded Euronav from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 23rd. Finally, Morgan Stanley set a $11.00 target price on Euronav and gave the stock a “buy” rating in a research report on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Euronav presently has an average rating of “Buy” and an average target price of $10.61.
Euronav (NYSE:EURN) last announced its earnings results on Thursday, January 24th. The shipping company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. The company had revenue of $191.62 million for the quarter, compared to analyst estimates of $190.76 million. Euronav had a negative return on equity of 6.17% and a negative net margin of 18.38%. On average, research analysts predict that Euronav NV will post -0.04 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a dividend yield of 1.5%.
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Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.
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