Shares of Frontline Ltd. (NYSE:FRO) traded up 4.7% during trading on Wednesday . The company traded as high as $8.18 and last traded at $8.18, with a volume of 654,833 shares traded. The stock had previously closed at $7.81.

A number of analysts recently commented on the company. Clarkson Capital reiterated a “buy” rating on shares of Frontline in a report on Friday, June 17th. Seaport Global Securities assumed coverage on Frontline in a report on Wednesday, May 4th. They set a “neutral” rating and a $9.00 price target on the stock. Zacks Investment Research upgraded Frontline from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Wednesday, July 6th. Credit Suisse Group AG reiterated a “hold” rating on shares of Frontline in a report on Tuesday, May 31st. Finally, Morgan Stanley reiterated a “hold” rating on shares of Frontline in a report on Wednesday, June 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $13.13.

The stock’s 50 day moving average is $8.30 and its 200 day moving average is $8.81. The stock has a market cap of $1.27 billion and a PE ratio of 4.75.

Frontline (NYSE:FRO) last posted its quarterly earnings results on Tuesday, May 31st. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.19. Equities research analysts predict that Frontline Ltd. will post $1.34 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Monday, June 13th were issued a $0.40 dividend. The ex-dividend date was Thursday, June 9th. This is a boost from Frontline’s previous quarterly dividend of $0.05. This represents a $1.60 annualized dividend and a dividend yield of 19.68%.

Several large investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of Frontline by 124.9% in the fourth quarter. California State Teachers Retirement System now owns 442,374 shares of the company’s stock valued at $1,323,000 after buying an additional 245,700 shares during the period. American Century Companies Inc. boosted its stake in shares of Frontline by 0.7% in the fourth quarter. American Century Companies Inc. now owns 473,130 shares of the company’s stock valued at $1,415,000 after buying an additional 3,247 shares during the period. Swiss National Bank purchased a new stake in shares of Frontline during the fourth quarter valued at about $1,367,000. Morgan Stanley boosted its stake in shares of Frontline by 499.8% in the fourth quarter. Morgan Stanley now owns 471,214 shares of the company’s stock valued at $1,408,000 after buying an additional 392,655 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Frontline by 16.2% in the fourth quarter. Marshall Wace LLP now owns 1,275,617 shares of the company’s stock valued at $3,814,000 after buying an additional 177,371 shares during the period.

Frontline Ltd. is a shipping company. The Company is engaged in the ownership and operation of oil tankers. The Company operates oil tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons.

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