CMB.TECH nv $CMBT Stock Holdings Increased by Graham Capital Wealth Management LLC

Graham Capital Wealth Management LLC lifted its stake in shares of CMB.TECH nv (NYSE:CMBT) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 437,222 shares of the company’s stock after acquiring an additional 116,500 shares during the quarter. CMB.TECH accounts for about 3.9% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 6th largest position. Graham Capital Wealth Management LLC’s holdings in CMB.TECH were worth $4,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of CMB.TECH by 41.3% during the third quarter. JPMorgan Chase & Co. now owns 43,449 shares of the company’s stock worth $408,000 after acquiring an additional 12,697 shares during the period. Mirabella Financial Services LLP purchased a new stake in shares of CMB.TECH during the third quarter worth $22,386,000. Sunbelt Securities Inc. purchased a new stake in shares of CMB.TECH during the third quarter worth $56,000. Verition Fund Management LLC purchased a new stake in shares of CMB.TECH during the third quarter worth $4,970,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of CMB.TECH during the third quarter worth $481,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CMBT. Weiss Ratings raised CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 14th. Wall Street Zen lowered CMB.TECH from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

CMB.TECH Stock Performance

NYSE:CMBT opened at $13.06 on Tuesday. The firm has a market capitalization of $2.54 billion, a PE ratio of 20.08 and a beta of -0.03. The business’s fifty day moving average price is $13.04 and its 200 day moving average price is $11.05. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.79. CMB.TECH nv has a 12 month low of $7.65 and a 12 month high of $14.93.

CMB.TECH (NYSE:CMBT) last posted its earnings results on Friday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). The business had revenue of $589.12 million during the quarter, compared to analysts’ expectations of $449.43 million. CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%.

CMB.TECH Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. CMB.TECH’s dividend payout ratio is 27.69%.

CMB.TECH Profile

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.