1,065,737 Shares in CMB.TECH nv $CMBT Purchased by Fearnley Asset Management AS

Fearnley Asset Management AS acquired a new position in CMB.TECH nv (NYSE:CMBT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,065,737 shares of the company’s stock, valued at approximately $10,284,000. CMB.TECH accounts for approximately 4.7% of Fearnley Asset Management AS’s investment portfolio, making the stock its 10th biggest position.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in CMB.TECH by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,014 shares of the company’s stock worth $2,252,000 after purchasing an additional 37,356 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of CMB.TECH by 3,978.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,752 shares of the company’s stock worth $277,000 after purchasing an additional 29,998 shares during the period. Legal & General Group Plc grew its stake in shares of CMB.TECH by 221.3% during the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock worth $59,000 after purchasing an additional 4,497 shares during the period. Raymond James Financial Inc. purchased a new position in shares of CMB.TECH during the 2nd quarter valued at approximately $27,000. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of CMB.TECH in the 2nd quarter valued at $98,000.

Analyst Upgrades and Downgrades

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

CMB.TECH Stock Performance

NYSE:CMBT opened at $14.40 on Friday. CMB.TECH nv has a twelve month low of $7.78 and a twelve month high of $17.72. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 8.52 and a beta of 0.10. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.59. The firm’s fifty day simple moving average is $14.58 and its 200 day simple moving average is $12.83.

CMB.TECH (NYSE:CMBT) last announced its quarterly earnings data 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 net margin of 24.94% and a return on equity of 18.25%. The company had revenue of $519.63 million during the quarter, compared to analyst estimates of $422.43 million.

CMB.TECH Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were issued a $0.44 dividend. The ex-dividend date was Wednesday, June 3rd. CMB.TECH’s dividend payout ratio (DPR) 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.