Sagil Capital LLP Buys 798,827 Shares of CMB.TECH nv $CMBT

Sagil Capital LLP lifted its stake in CMB.TECH nv (NYSE:CMBT) by 133.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,397,397 shares of the company’s stock after purchasing an additional 798,827 shares during the period. CMB.TECH accounts for approximately 3.1% of Sagil Capital LLP’s holdings, making the stock its 5th largest holding. Sagil Capital LLP’s holdings in CMB.TECH were worth $13,485,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in CMB.TECH in the second quarter valued at about $27,000. Public Employees Retirement System of Ohio acquired a new position in shares of CMB.TECH during the 3rd quarter worth about $45,000. Sunbelt Securities Inc. bought a new stake in shares of CMB.TECH in the 3rd quarter valued at about $56,000. Legal & General Group Plc increased its stake in shares of CMB.TECH by 221.3% in the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after acquiring an additional 4,497 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of CMB.TECH in the 3rd quarter valued at approximately $94,000.

CMB.TECH Trading Up 0.3%

NYSE CMBT opened at $14.92 on Friday. The firm has a market cap of $2.97 billion, a P/E ratio of 8.83 and a beta of 0.10. 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 stock’s 50-day moving average is $14.33 and its 200-day moving average is $12.66. CMB.TECH nv has a one year low of $7.78 and a one year high of $17.72.

CMB.TECH (NYSE:CMBT) last released its quarterly earnings results on Tuesday, May 19th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.25% and a net margin of 24.94%.

CMB.TECH Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.