Euronav NV (EURN) Position Lowered by Russell Investments Group Ltd.
Russell Investments Group Ltd. decreased its stake in Euronav NV (NASDAQ:EURN) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,203 shares of the shipping company’s stock after selling 4,214 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Euronav NV worth $815,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Columbia Partners L L C Investment Management lifted its stake in shares of Euronav NV by 65.7% in the first quarter. Columbia Partners L L C Investment Management now owns 90,248 shares of the shipping company’s stock valued at $712,000 after purchasing an additional 35,786 shares during the period. City Financial Investment Co Ltd acquired a new stake in shares of Euronav NV in the first quarter valued at about $5,066,000. Goldman Sachs Group Inc. lifted its stake in shares of Euronav NV by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,095,221 shares of the shipping company’s stock valued at $8,652,000 after purchasing an additional 102,970 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Euronav NV by 0.6% in the first quarter. Point72 Asset Management L.P. now owns 492,600 shares of the shipping company’s stock valued at $3,892,000 after purchasing an additional 3,100 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in shares of Euronav NV by 1.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 117,620 shares of the shipping company’s stock valued at $943,000 after purchasing an additional 2,000 shares during the period.
Several brokerages recently commented on EURN. BidaskClub upgraded shares of Euronav NV from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $8.00 price objective on shares of Euronav NV in a research note on Friday, July 7th. ValuEngine cut shares of Euronav NV from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Euronav NV from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Finally, TheStreet upgraded shares of Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $9.50.
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Euronav NV (NASDAQ:EURN) remained flat at $7.95 during trading on Friday. 395,551 shares of the stock were exchanged. The firm has a market cap of $1.26 billion and a PE ratio of 20.98. The company’s 50 day moving average price is $7.97 and its 200-day moving average price is $8.04. Euronav NV has a one year low of $6.65 and a one year high of $8.93.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, October 5th. Shareholders of record on Tuesday, September 26th will be issued a $0.06 dividend. This represents a yield of 1.61%. The ex-dividend date of this dividend is Monday, September 25th.
Euronav NV Company Profile
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean 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 April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
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