Lingohr & Partner Asset Management GmbH lowered its position in Euronav NV (NASDAQ:EURN) by 0.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,636,958 shares of the shipping company’s stock after selling 3,407 shares during the period. Euronav NV accounts for approximately 7.6% of Lingohr & Partner Asset Management GmbH’s portfolio, making the stock its largest position. Lingohr & Partner Asset Management GmbH owned 1.03% of Euronav NV worth $13,128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its position in shares of Euronav NV by 45.3% in the 1st quarter. FMR LLC now owns 3,083,015 shares of the shipping company’s stock worth $24,658,000 after purchasing an additional 961,865 shares during the period. Vanguard Group Inc. lifted its position in shares of Euronav NV by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,671,573 shares of the shipping company’s stock worth $21,105,000 after purchasing an additional 91,190 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Euronav NV by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,345,108 shares of the shipping company’s stock worth $18,526,000 after purchasing an additional 90,867 shares during the period. Doheny Asset Management CA lifted its position in shares of Euronav NV by 161.3% in the 1st quarter. Doheny Asset Management CA now owns 1,118,320 shares of the shipping company’s stock worth $8,835,000 after purchasing an additional 690,370 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Euronav NV by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,095,221 shares of the shipping company’s stock worth $8,652,000 after purchasing an additional 102,970 shares during the period.

Euronav NV (NASDAQ EURN) remained flat at $7.95 on Friday. 395,551 shares of the company’s stock traded hands. The company’s 50 day moving average is $7.97 and its 200 day moving average is $8.04. Euronav NV has a 52 week low of $6.65 and a 52 week high of $8.93. The stock has a market capitalization of $1.26 billion and a P/E ratio of 20.98.

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

EURN has been the topic of a number of research reports. BidaskClub upgraded shares of Euronav NV from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Zacks Investment Research downgraded shares of Euronav NV from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. TheStreet upgraded shares of Euronav NV from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th. ValuEngine downgraded shares of Euronav NV from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $8.00 target price on shares of Euronav NV in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.50.

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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.

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

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