CMB.TECH (NYSE:CMBT) Upgraded at Wall Street Zen
by Kim Johansen · The Markets DailyWall Street Zen upgraded shares of CMB.TECH (NYSE:CMBT – Free Report) from a sell rating to a hold rating in a research note issued to investors on Sunday.
Separately, Weiss Ratings raised CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.
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CMB.TECH Trading Up 2.1%
NYSE:CMBT opened at $12.93 on Friday. CMB.TECH has a 52 week low of $7.78 and a 52 week high of $14.93. The firm has a 50 day moving average of $13.03 and a 200 day moving average of $11.18. The company has a quick ratio of 0.79, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 19.88 and a beta of -0.03.
CMB.TECH (NYSE:CMBT – Get Free Report) last posted its earnings results on Friday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%. The firm had revenue of $589.12 million for the quarter, compared to analysts’ expectations of $449.43 million.
CMB.TECH Dividend Announcement
The business also recently declared a special dividend, which will be paid on Wednesday, April 22nd. Shareholders 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 (DPR) is currently 10.77%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CMBT. Mcguire Capital Advisors Inc. purchased a new position in shares of CMB.TECH in the fourth quarter worth $26,000. Raymond James Financial Inc. acquired a new position in shares of CMB.TECH in the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of CMB.TECH in the fourth quarter valued at about $29,000. Public Employees Retirement System of Ohio acquired a new position in shares of CMB.TECH in the third quarter valued at about $45,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of CMB.TECH in the third quarter valued at about $56,000.
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.