16,297 Shares in Euronav NV (NYSE:EURN) Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new stake in Euronav NV (NYSE:EURN) in the 1st quarter, HoldingsChannel reports. The fund purchased 16,297 shares of the shipping company’s stock, valued at approximately $133,000.

Several other large investors have also recently modified their holdings of the stock. Swiss National Bank lifted its position in shares of Euronav by 3.1% in the first quarter. Swiss National Bank now owns 280,691 shares of the shipping company’s stock worth $2,286,000 after purchasing an additional 8,351 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Euronav by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 182,252 shares of the shipping company’s stock worth $1,485,000 after purchasing an additional 16,664 shares in the last quarter. Mraz Amerine & Associates Inc. lifted its position in shares of Euronav by 5.3% in the first quarter. Mraz Amerine & Associates Inc. now owns 39,899 shares of the shipping company’s stock worth $325,000 after purchasing an additional 2,000 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Euronav by 2,511.9% in the first quarter. JPMorgan Chase & Co. now owns 211,770 shares of the shipping company’s stock worth $1,726,000 after purchasing an additional 203,662 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Euronav by 25.7% in the first quarter. Deprince Race & Zollo Inc. now owns 2,141,638 shares of the shipping company’s stock worth $17,454,000 after purchasing an additional 438,133 shares in the last quarter. Institutional investors and hedge funds own 30.21% of the company’s stock.

A number of equities analysts recently weighed in on the stock. TheStreet upgraded shares of Euronav from a “d+” rating to a “c-” rating in a report on Monday, April 15th. Zacks Investment Research upgraded shares of Euronav from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine upgraded shares of Euronav from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Finally, Morgan Stanley set a $11.00 target price on shares of Euronav and gave the stock a “buy” rating in a report on Friday, February 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Euronav presently has an average rating of “Buy” and a consensus target price of $10.61.

Shares of EURN opened at $8.23 on Thursday. The firm has a market cap of $1.91 billion, a P/E ratio of -12.66 and a beta of 0.91. Euronav NV has a 1-year low of $6.77 and a 1-year high of $10.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.29.

Euronav (NYSE:EURN) last issued its earnings results on Tuesday, April 30th. The shipping company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The firm had revenue of $197.00 million for the quarter, compared to analyst estimates of $206.08 million. Euronav had a negative return on equity of 3.29% and a negative net margin of 7.01%. On average, analysts predict that Euronav NV will post -0.12 earnings per share for the current year.

The business also recently disclosed a semiannual dividend, which was paid on Friday, May 24th. Shareholders of record on Thursday, May 16th were issued a $0.06 dividend. The ex-dividend date was Wednesday, May 15th. This represents a dividend yield of 1.5%.

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Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.

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Institutional Ownership by Quarter for Euronav (NYSE:EURN)

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