CMB.TECH nv $CMBT Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in CMB.TECH nv (NYSE:CMBT) by 90.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,691 shares of the company’s stock after buying an additional 106,181 shares during the period. SG Americas Securities LLC’s holdings in CMB.TECH were worth $2,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CMBT. Vanguard Group Inc. increased its position in shares of CMB.TECH by 3,042.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,242,670 shares of the company’s stock valued at $40,701,000 after acquiring an additional 4,107,637 shares during the period. Mirabella Financial Services LLP acquired a new stake in CMB.TECH during the 3rd quarter worth about $22,386,000. Norges Bank acquired a new stake in CMB.TECH during the 4th quarter worth about $21,956,000. Marshall Wace LLP purchased a new stake in CMB.TECH during the 3rd quarter valued at about $17,428,000. Finally, Millennium Management LLC purchased a new stake in CMB.TECH during the 4th quarter valued at about $15,792,000.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CMBT shares. Berenberg Bank raised CMB.TECH to a “strong-buy” rating in a report on Wednesday, April 22nd. Wall Street Zen raised CMB.TECH from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Weiss Ratings upgraded CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

CMB.TECH Trading Down 0.6%

Shares of CMB.TECH stock opened at $13.99 on Wednesday. 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 firm has a fifty day moving average price of $14.85 and a 200 day moving average price of $13.05. CMB.TECH nv has a 1 year low of $7.78 and a 1 year high of $17.72. The stock has a market cap of $2.79 billion, a PE ratio of 8.28 and a beta of 0.10.

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

CMB.TECH Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd were issued a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. CMB.TECH’s payout ratio is 36.69%.

About CMB.TECH

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.