CMB.TECH (NYSE:CMBT) Upgraded to “Hold” at Wall Street Zen
by Scott Moore · The Cerbat GemWall Street Zen upgraded shares of CMB.TECH (NYSE:CMBT – Free Report) from a sell rating to a hold rating in a report released on Sunday morning.
Separately, Weiss Ratings raised CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, CMB.TECH presently has an average rating of “Buy”.
View Our Latest Stock Analysis on CMBT
CMB.TECH Trading Down 0.0%
CMB.TECH stock opened at $12.46 on Friday. The firm has a 50 day simple moving average of $13.04 and a 200-day simple moving average of $11.14. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.79. The stock has a market capitalization of $2.48 billion, a PE ratio of 19.16 and a beta of -0.03. CMB.TECH has a 12-month low of $7.78 and a 12-month high of $14.93.
CMB.TECH (NYSE:CMBT – Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%. The company had revenue of $589.12 million during the quarter, compared to the consensus estimate of $449.43 million.
CMB.TECH Announces Dividend
The company also recently declared a special dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 15th will be given a $0.16 dividend. The ex-dividend date is Wednesday, April 15th. CMB.TECH’s dividend payout ratio is 10.77%.
Institutional Investors Weigh In On CMB.TECH
Several hedge funds have recently made changes to their positions in the company. Folketrygdfondet purchased a new stake in shares of CMB.TECH in the 3rd quarter valued at approximately $51,651,000. Vanguard Group Inc. lifted its position in CMB.TECH by 3,042.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,242,670 shares of the company’s stock worth $40,701,000 after buying an additional 4,107,637 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in CMB.TECH by 21.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,849,002 shares of the company’s stock worth $27,493,000 after buying an additional 496,086 shares in the last quarter. Encompass Capital Advisors LLC lifted its position in CMB.TECH by 66.3% in the 4th quarter. Encompass Capital Advisors LLC now owns 2,499,307 shares of the company’s stock worth $24,118,000 after buying an additional 996,300 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in CMB.TECH in the 3rd quarter worth approximately $22,386,000.
About CMB.TECH
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.