Folketrygdfondet lessened its position in shares of CMB.TECH nv (NYSE:CMBT – Free Report) by 48.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,829,165 shares of the company’s stock after selling 2,671,519 shares during the quarter. CMB.TECH comprises 1.8% of Folketrygdfondet’s portfolio, making the stock its 7th largest holding. Folketrygdfondet’s holdings in CMB.TECH were worth $27,301,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in CMB.TECH in the 2nd quarter worth approximately $27,000. Swiss National Bank lifted its stake in CMB.TECH by 1.7% during the 4th quarter. Swiss National Bank now owns 248,913 shares of the company’s stock valued at $2,368,000 after acquiring an additional 4,126 shares during the period. Legal & General Group Plc boosted its holdings in shares of CMB.TECH by 221.3% in the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after acquiring an additional 4,497 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of CMB.TECH in the third quarter worth $45,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of CMB.TECH by 33.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 22,774 shares of the company’s stock worth $217,000 after acquiring an additional 5,688 shares during the period.
CMB.TECH Trading Up 0.3%
Shares of CMBT stock opened at $14.92 on Friday. CMB.TECH nv has a 1-year low of $7.78 and a 1-year high of $17.72. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 8.83 and a beta of 0.10. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.95 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $14.33 and a 200-day simple moving average of $12.66.
CMB.TECH Announces Dividend
The business also recently announced a special dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd were given a $0.44 dividend. The ex-dividend date was Wednesday, June 3rd. CMB.TECH’s dividend payout ratio (DPR) is 36.69%.
Analyst Ratings Changes
A number of research firms recently issued reports on CMBT. Berenberg Bank upgraded shares of CMB.TECH to a “strong-buy” rating in a research report on Wednesday, April 22nd. Wall Street Zen raised CMB.TECH from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings upgraded CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.
Get Our Latest Analysis on CMBT
CMB.TECH Company Profile
Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.
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