Tsakos Energy Navigation Ltd $TEN Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its holdings in Tsakos Energy Navigation Ltd (NYSE:TEN) by 51.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,110 shares of the company’s stock after acquiring an additional 26,097 shares during the period. Tudor Investment Corp ET AL owned about 0.26% of Tsakos Energy Navigation worth $1,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Tsakos Energy Navigation in the second quarter valued at $672,000. Hsbc Holdings PLC grew its stake in Tsakos Energy Navigation by 91.1% during the 2nd quarter. Hsbc Holdings PLC now owns 29,880 shares of the company’s stock worth $573,000 after purchasing an additional 14,242 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in Tsakos Energy Navigation during the 2nd quarter worth about $761,000. EverSource Wealth Advisors LLC raised its position in Tsakos Energy Navigation by 312.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after purchasing an additional 993 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Tsakos Energy Navigation in the 2nd quarter valued at about $296,000. Hedge funds and other institutional investors own 19.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TEN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Friday, January 9th. Clarkson Capital started coverage on shares of Tsakos Energy Navigation in a research note on Monday, December 15th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Wall Street Zen cut shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.50.

Tsakos Energy Navigation Price Performance

TEN stock opened at $38.10 on Friday. The business has a 50 day moving average price of $31.58 and a 200 day moving average price of $26.25. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 8.54 and a beta of -0.27. Tsakos Energy Navigation Ltd has a fifty-two week low of $13.40 and a fifty-two week high of $39.69.

Tsakos Energy Navigation (NYSE:TEN) last announced its quarterly earnings results on Friday, March 6th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $0.77 by $0.93. The company had revenue of $182.96 million for the quarter, compared to analyst estimates of $162.84 million. Tsakos Energy Navigation had a net margin of 20.15% and a return on equity of 26.29%. Equities research analysts anticipate that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.

Tsakos Energy Navigation Profile

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.