CMB.TECH nv $CMBT Shares Bought by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC raised its stake in CMB.TECH nv (NYSE:CMBT) by 66.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,499,307 shares of the company’s stock after acquiring an additional 996,300 shares during the quarter. Encompass Capital Advisors LLC’s holdings in CMB.TECH were worth $24,118,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Engineers Gate Manager LP acquired a new position in CMB.TECH in the fourth quarter valued at approximately $482,000. Boothbay Fund Management LLC raised its stake in shares of CMB.TECH by 100.5% during the 4th quarter. Boothbay Fund Management LLC now owns 362,500 shares of the company’s stock worth $3,502,000 after buying an additional 181,711 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of CMB.TECH by 505.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 72,458 shares of the company’s stock worth $699,000 after buying an additional 60,481 shares during the period. Kovack Advisors Inc. acquired a new position in shares of CMB.TECH during the 4th quarter worth approximately $619,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of CMB.TECH by 377.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 22,206 shares of the company’s stock worth $211,000 after buying an additional 17,553 shares during the period.

CMB.TECH Trading Down 2.3%

Shares of CMBT stock opened at $14.73 on Thursday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 8.71 and a beta of 0.10. The stock has a 50 day simple moving average of $14.52 and a 200-day simple moving average of $12.80. CMB.TECH nv has a 1-year low of $7.78 and a 1-year high of $17.72.

CMB.TECH (NYSE:CMBT) last announced its earnings results on Tuesday, May 19th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.00. CMB.TECH had a return on equity of 18.25% and a net margin of 24.94%.The business had revenue of $519.63 million during the quarter, compared to the consensus estimate of $422.43 million.

CMB.TECH Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were given a dividend of $0.44 per share. The ex-dividend date was Wednesday, June 3rd. CMB.TECH’s payout ratio is presently 36.69%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMBT. Wall Street Zen raised CMB.TECH from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings raised CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Finally, Berenberg Bank raised CMB.TECH to a “strong-buy” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CMB.TECH presently has a consensus rating of “Buy”.

CMB.TECH Company 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.