Royal Bank of Canada Raises Position in Frontline PLC $FRO

Posted by Brian Himes on Aug 17th, 2026

Royal Bank of Canada grew its position in shares of Frontline PLC (NYSE:FRO – Free Report) by 57.7% during the first quarter, Holdings Channel reports. The fund owned 68,954 shares of the shipping company’s stock after purchasing an additional 25,218 shares during the period. Royal Bank of Canada’s holdings in Frontline were worth $2,403,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its stake in Frontline by 4,659.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,783,681 shares of the shipping company’s stock worth $202,080,000 after purchasing an additional 5,662,172 shares during the period. Cooper Creek Partners Management LLC bought a new position in shares of Frontline in the 1st quarter worth about $26,911,000. Voloridge Investment Management LLC bought a new position in shares of Frontline in the 4th quarter worth about $15,676,000. Balyasny Asset Management L.P. increased its stake in shares of 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 in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Frontline by 256.9% during the fourth quarter. Barclays PLC now owns 826,343 shares of the shipping company’s stock valued at $18,031,000 after purchasing an additional 594,811 shares during the last quarter. Institutional investors own 22.70% of the company’s stock.

Frontline Price Performance

Shares of NYSE FRO opened at $41.20 on Monday. The firm has a market cap of $9.17 billion, a P/E ratio of 10.15 and a beta of 0.02. Frontline PLC has a twelve month low of $18.43 and a twelve month high of $43.10. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of $38.30 and a 200 day moving average of $35.77.

Frontline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th were paid a $1.55 dividend. This is an increase from Frontline’s previous quarterly dividend of $1.03. This represents a $6.20 annualized dividend and a dividend yield of 15.0%. The ex-dividend date was Friday, June 12th. Frontline’s dividend payout ratio (DPR) is presently 152.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FRO. BTIG Research lifted their price objective on Frontline from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Weiss Ratings downgraded Frontline from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Wall Street Zen lowered Frontline from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Pareto Securities cut shares of Frontline from a “buy” rating to a “hold” rating and set a $39.46 price target on the stock. in a research note on Monday, May 25th. Finally, Evercore downgraded shares of Frontline from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.62.

Check Out Our Latest Stock Analysis on Frontline

About Frontline

(Free Report)

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.