International Seaways (NYSE:INSW) CEO Sells $127,920.00 in Stock

International Seaways Inc. (NYSE:INSW) CEO Lois Zabrocky sold 2,000 shares of International Seaways stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $63.96, for a total value of $127,920.00. Following the completion of the transaction, the chief executive officer owned 178,421 shares in the company, valued at approximately $11,411,807.16. This represents a 1.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

International Seaways Stock Up 0.5%

INSW stock opened at $67.39 on Friday. The firm has a 50-day moving average price of $55.55 and a 200-day moving average price of $50.52. International Seaways Inc. has a 12 month low of $27.20 and a 12 month high of $67.49. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $3.33 billion, a P/E ratio of 15.35 and a beta of -0.19.

Institutional Trading of International Seaways

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Corp lifted its holdings in International Seaways by 121.6% during the 4th quarter. First Horizon Corp now owns 687 shares of the transportation company’s stock worth $33,000 after buying an additional 377 shares during the period. Federated Hermes Inc. raised its position in shares of International Seaways by 99.5% during the third quarter. Federated Hermes Inc. now owns 758 shares of the transportation company’s stock worth $35,000 after acquiring an additional 378 shares during the last quarter. Leonteq Securities AG bought a new position in shares of International Seaways during the fourth quarter worth about $44,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of International Seaways in the fourth quarter worth approximately $46,000. Finally, Founders Capital Management boosted its holdings in International Seaways by 37.5% in the fourth quarter. Founders Capital Management now owns 1,100 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 300 shares during the last quarter. 67.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INSW has been the subject of several research analyst reports. Wall Street Zen downgraded shares of International Seaways from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Pareto Securities upgraded International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, January 20th. BTIG Research upped their target price on International Seaways from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Zacks Research lowered International Seaways from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of International Seaways in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.67.

About International Seaways

International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time­ charter and voyage­ charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.

Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.