Sanctuary Advisors LLC Invests $697,000 in Frontline PLC $FRO

Sanctuary Advisors LLC acquired a new stake in Frontline PLC (NYSE:FRO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,037 shares of the shipping company’s stock, valued at approximately $697,000.

Other large investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Frontline by 4,659.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,783,681 shares of the shipping company’s stock valued at $202,080,000 after purchasing an additional 5,662,172 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Frontline in the 2nd quarter worth approximately $50,846,000. Cooper Creek Partners Management LLC bought a new stake in shares of Frontline in the 1st quarter worth approximately $26,911,000. Voloridge Investment Management LLC bought a new stake in shares of Frontline in the 4th quarter worth approximately $15,676,000. Finally, Balyasny Asset Management L.P. lifted its stake in Frontline by 44.0% during the third quarter. Balyasny Asset Management L.P. now owns 2,247,120 shares of the shipping company’s stock valued at $51,212,000 after purchasing an additional 686,212 shares during the last quarter. Institutional investors own 22.70% of the company’s stock.

Frontline Stock Up 0.6%

NYSE:FRO opened at $44.02 on Friday. The business’s fifty day moving average price is $39.32 and its 200 day moving average price is $36.77. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 10.84 and a beta of 0.02. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.83. Frontline PLC has a 1-year low of $20.31 and a 1-year high of $45.29.

Frontline (NYSE:FRO) last released its earnings results on Friday, August 28th. The shipping company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.22. The company had revenue of $943.30 million for the quarter, compared to analysts’ expectations of $758.85 million. Frontline had a return on equity of 27.80% and a net margin of 36.70%.The business’s revenue for the quarter was up 96.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS.

Frontline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 18th will be issued a dividend of $2.61 per share. This is an increase from Frontline’s previous quarterly dividend of $1.55. This represents a $10.44 annualized dividend and a dividend yield of 23.7%. The ex-dividend date is Friday, September 18th. Frontline’s dividend payout ratio is 152.71%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FRO. DZ Bank downgraded Frontline from a “hold” rating to a “sell” rating in a report on Friday, August 21st. Danske lowered shares of Frontline from a “hold” rating to a “sell” rating in a report on Friday, August 21st. Pareto Securities downgraded shares of Frontline from a “buy” rating to a “hold” rating and set a $39.46 price target for the company. in a research report on Monday, May 25th. BTIG Research raised their price objective on shares of Frontline from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Frontline from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.62.

Frontline News Roundup

Here are the key news stories impacting Frontline this week:

• Positive Sentiment: Record Q2 results: Frontline reported adjusted EPS of $2.96, exceeding the $2.74 analyst consensus, while revenue reached $943.3 million versus expectations of $758.85 million. Profit rose to a record $659 million, and revenue increased 96.5% year over year, reflecting sharply higher tanker rates amid geopolitical disruptions and tight vessel availability. Frontline’s Profit Hits Record $659 Million as Geopolitical Risks Impact Tanker Rates
• Positive Sentiment: Dividend increased: Frontline declared a quarterly dividend of $2.61 per share, up 68.4% from $1.55 previously. The payout is payable September 28 to investors of record September 18, implying an annualized dividend of approximately $10.44 per share and a reported yield of 23.7%. The larger distribution strengthens the stock’s income appeal, although shipping dividends can vary with freight-market conditions.
• Positive Sentiment: Analyst sentiment improved: Wall Street Zen upgraded Frontline to “Strong Buy,” potentially adding momentum after the company’s earnings and dividend announcements. Frontline Upgraded to Strong-Buy at Wall Street Zen
• Neutral Sentiment: Unusually heavy call activity: Traders purchased 14,816 call options, about 154% above typical daily call volume. This suggests increased bullish speculation, but options activity is not a guarantee of sustained share-price gains.
• Neutral Sentiment: Market-cycle exposure: Frontline’s results are benefiting from an “extraordinary” tanker market and geopolitical risks. Those factors support near-term earnings but may be volatile or reverse, creating longer-term uncertainty for investors.

About Frontline

Frontline Ltd. (NYSE:FRO) is a leading global shipping company specializing in the seaborne transportation of crude oil and petroleum products. The company’s core business activities encompass the ownership and operation of very large crude carriers (VLCCs), Suezmax tankers and Aframax vessels. Through long-term charters, spot market operations and time charters, Frontline provides flexible shipping solutions that cater to a diverse set of energy producers, refiners and trading houses worldwide.

Frontline’s fleet is geared toward high-capacity, ocean-going tankers capable of carrying large volumes of crude oil over intercontinental distances.