Ajo LP Lowers Position in Euronav NV (EURN)

Ajo LP trimmed its position in shares of Euronav NV (NASDAQ:EURN) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,090,801 shares of the shipping company’s stock after selling 170,742 shares during the period. Ajo LP owned approximately 0.69% of Euronav NV worth $8,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC increased its stake in Euronav NV by 45.3% during the first quarter. FMR LLC now owns 3,083,015 shares of the shipping company’s stock valued at $24,658,000 after acquiring an additional 961,865 shares during the period. Vanguard Group Inc. increased its stake in Euronav NV by 3.5% during the first quarter. Vanguard Group Inc. now owns 2,671,573 shares of the shipping company’s stock valued at $21,105,000 after acquiring an additional 91,190 shares during the period. Bank of New York Mellon Corp increased its stake in Euronav NV by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 2,345,108 shares of the shipping company’s stock valued at $18,526,000 after acquiring an additional 90,867 shares during the period. Doheny Asset Management CA increased its stake in Euronav NV by 161.3% during the first quarter. Doheny Asset Management CA now owns 1,118,320 shares of the shipping company’s stock valued at $8,835,000 after acquiring an additional 690,370 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Euronav NV by 10.4% during 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 acquiring an additional 102,970 shares during the period.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Euronav NV from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. ValuEngine lowered Euronav NV from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. TheStreet upgraded Euronav NV from a “d+” rating to a “c-” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered Euronav NV from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.50.

Shares of Euronav NV (EURN) opened at 8.00 on Friday. The company has a market capitalization of $1.27 billion and a price-to-earnings ratio of 21.11. Euronav NV has a 1-year low of $6.65 and a 1-year high of $8.93. The stock has a 50 day moving average price of $7.97 and a 200 day moving average price of $8.06.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, October 5th. Stockholders of record on Tuesday, September 26th will be given a $0.06 dividend. The ex-dividend date is Monday, September 25th. This represents a dividend yield of 1.61%.

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About Euronav NV

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.

Institutional Ownership by Quarter for Euronav NV (NASDAQ:EURN)

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