Global X MANAGEMENT CO LLC decreased its position in shares of Tsakos Energy Navigation Ltd (NYSE:TNP) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,221,064 shares of the shipping company’s stock after selling 124,633 shares during the quarter. Global X MANAGEMENT CO LLC owned about 1.44% of Tsakos Energy Navigation worth $5,483,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. WFG Advisors LP boosted its stake in Tsakos Energy Navigation by 0.3% during the 2nd quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock worth $248,000 after acquiring an additional 156 shares during the last quarter. Afam Capital Inc. boosted its stake in Tsakos Energy Navigation by 69.8% during the 2nd quarter. Afam Capital Inc. now owns 540,084 shares of the shipping company’s stock worth $2,592,000 after acquiring an additional 221,995 shares during the last quarter. State Street Corp lifted its stake in Tsakos Energy Navigation by 15.7% in the second quarter. State Street Corp now owns 112,100 shares of the shipping company’s stock valued at $538,000 after buying an additional 15,231 shares in the last quarter. Stifel Financial Corp lifted its stake in Tsakos Energy Navigation by 4.4% in the second quarter. Stifel Financial Corp now owns 264,892 shares of the shipping company’s stock valued at $1,273,000 after buying an additional 11,238 shares in the last quarter. Finally, Virtu KCG Holdings LLC lifted its stake in Tsakos Energy Navigation by 65.2% in the second quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock valued at $250,000 after buying an additional 20,577 shares in the last quarter. 26.45% of the stock is currently owned by institutional investors and hedge funds.

Tsakos Energy Navigation Ltd (NYSE:TNP) traded up $0.01 on Monday, reaching $4.50. The company’s stock had a trading volume of 27,589 shares, compared to its average volume of 347,021. Tsakos Energy Navigation Ltd has a one year low of $4.07 and a one year high of $5.28. The stock has a market cap of $381.14, a P/E ratio of 21.38, a P/E/G ratio of 1.88 and a beta of 1.61. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 0.99.

Tsakos Energy Navigation (NYSE:TNP) last issued its quarterly earnings results on Friday, September 15th. The shipping company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.08). The firm had revenue of $104.06 million for the quarter, compared to analyst estimates of $108.51 million. Tsakos Energy Navigation had a return on equity of 2.39% and a net margin of 6.86%. equities analysts anticipate that Tsakos Energy Navigation Ltd will post 0.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.20 annualized dividend and a yield of 4.44%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is currently 95.24%.

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A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $7.00 target price on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research report on Sunday, October 29th. Jefferies Group LLC reaffirmed a “buy” rating and set a $6.00 price objective on shares of Tsakos Energy Navigation in a research report on Monday, October 16th. Maxim Group reaffirmed a “buy” rating and set a $6.00 price objective on shares of Tsakos Energy Navigation in a research report on Monday, September 18th. Morgan Stanley decreased their target price on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating for the company in a research report on Monday, September 18th. Finally, Cowen and Company cut their target price on Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, September 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Tsakos Energy Navigation currently has an average rating of “Buy” and an average target price of $5.75.

About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 57 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

Institutional Ownership by Quarter for Tsakos Energy Navigation (NYSE:TNP)

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