Wells Fargo & Company MN Has $977,000 Stake in Overseas Shipholding Group, Inc. (NYSE:OSG)

Wells Fargo & Company MN boosted its position in Overseas Shipholding Group, Inc. (NYSE:OSG) by 104.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,144 shares of the transportation company’s stock after buying an additional 129,505 shares during the period. Wells Fargo & Company MN owned approximately 0.36% of Overseas Shipholding Group worth $977,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Overseas Shipholding Group by 1,061.8% in the fourth quarter. AQR Capital Management LLC now owns 769,634 shares of the transportation company’s stock worth $2,948,000 after buying an additional 703,390 shares in the last quarter. State Street Corp increased its stake in Overseas Shipholding Group by 8.1% in the fourth quarter. State Street Corp now owns 692,845 shares of the transportation company’s stock worth $2,655,000 after buying an additional 51,927 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Overseas Shipholding Group by 3.3% in the first quarter. Russell Investments Group Ltd. now owns 692,290 shares of the transportation company’s stock worth $2,672,000 after buying an additional 21,900 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Overseas Shipholding Group by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 440,134 shares of the transportation company’s stock worth $1,686,000 after buying an additional 91,841 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in Overseas Shipholding Group by 118.0% in the fourth quarter. Two Sigma Investments LP now owns 310,510 shares of the transportation company’s stock worth $1,189,000 after buying an additional 168,083 shares during the last quarter. Institutional investors and hedge funds own 58.46% of the company’s stock.

Overseas Shipholding Group, Inc. (NYSE:OSG) traded up 2.13% during midday trading on Friday, reaching $2.88. 312,183 shares of the company were exchanged. Overseas Shipholding Group, Inc. has a 52 week low of $2.30 and a 52 week high of $13.03. The firm’s 50 day moving average price is $2.67 and its 200-day moving average price is $3.74. The stock’s market capitalization is $213.99 million.

Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.06 earnings per share (EPS) for the quarter. Overseas Shipholding Group had a positive return on equity of 11.16% and a negative net margin of 53.02%. The company had revenue of $108.12 million during the quarter. Equities analysts forecast that Overseas Shipholding Group, Inc. will post $0.87 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Wells Fargo & Company MN Has $977,000 Stake in Overseas Shipholding Group, Inc. (NYSE:OSG)” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/07/30/wells-fargo-company-mn-acquires-129505-shares-of-overseas-shipholding-group-inc-nyseosg-updated-updated-updated.html.

About Overseas Shipholding Group

Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.

Institutional Ownership by Quarter for Overseas Shipholding Group (NYSE:OSG)

Receive News & Ratings for Overseas Shipholding Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overseas Shipholding Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply