Morgan Stanley increased its position in Euronav NV (NASDAQ:EURN) by 2.9% during the first quarter, Holdings Channel reports. The fund owned 524,025 shares of the shipping company’s stock after buying an additional 14,688 shares during the period. Morgan Stanley’s holdings in Euronav NV were worth $4,140,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Euronav NV by 45.3% in the first quarter. FMR LLC now owns 3,083,015 shares of the shipping company’s stock worth $24,658,000 after buying an additional 961,865 shares during the last quarter. Doheny Asset Management CA boosted its stake in shares of Euronav NV by 161.3% in the first quarter. Doheny Asset Management CA now owns 1,118,320 shares of the shipping company’s stock worth $8,835,000 after buying an additional 690,370 shares during the last quarter. Lingohr & Partner Asset Management GmbH boosted its stake in shares of Euronav NV by 25.8% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 1,640,365 shares of the shipping company’s stock worth $12,959,000 after buying an additional 336,932 shares during the last quarter. Cedar Capital LLC boosted its stake in shares of Euronav NV by 81.3% in the first quarter. Cedar Capital LLC now owns 329,597 shares of the shipping company’s stock worth $2,604,000 after buying an additional 147,782 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Euronav NV by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,671,573 shares of the shipping company’s stock worth $21,105,000 after buying an additional 91,190 shares during the last quarter.

Euronav NV (EURN) traded down 3.36% during mid-day trading on Friday, reaching $7.20. The company had a trading volume of 1,052,041 shares. The company’s 50 day moving average is $7.80 and its 200 day moving average is $7.83. The stock has a market capitalization of $1.14 billion and a price-to-earnings ratio of 18.85. Euronav NV has a 52-week low of $6.65 and a 52-week high of $9.51.

The company also recently announced a semiannual dividend, which will be paid on Thursday, October 5th. Stockholders of record on Tuesday, September 26th will be paid a $0.06 dividend. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, September 25th.

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A number of analysts have recently weighed in on EURN shares. Zacks Investment Research cut Euronav NV from a “hold” rating to a “strong sell” rating in a research report on Friday, April 21st. ValuEngine cut Euronav NV from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded Euronav NV from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Stifel Nicolaus reiterated a “hold” rating and set a $8.00 price target on shares of Euronav NV in a research report on Friday, July 7th. Finally, TheStreet upgraded Euronav NV from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Euronav NV currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Euronav NV Company Profile

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean 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 April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.

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Institutional Ownership by Quarter for Euronav NV (NASDAQ:EURN)

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