Northern Trust Corp Has $97,000 Stake in TSAKOS ENERGY N/SH (TNP)

Northern Trust Corp decreased its holdings in shares of TSAKOS ENERGY N/SH (NYSE:TNP) by 92.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,377 shares of the shipping company’s stock after selling 424,115 shares during the quarter. Northern Trust Corp’s holdings in TSAKOS ENERGY N/SH were worth $97,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Virtu Financial LLC lifted its position in TSAKOS ENERGY N/SH by 95.1% in the fourth quarter. Virtu Financial LLC now owns 39,525 shares of the shipping company’s stock valued at $105,000 after purchasing an additional 19,263 shares during the period. Camarda Financial Advisors LLC lifted its position in TSAKOS ENERGY N/SH by 2,961.6% in the fourth quarter. Camarda Financial Advisors LLC now owns 603,129 shares of the shipping company’s stock valued at $1,604,000 after purchasing an additional 583,429 shares during the period. WealthTrust Axiom LLC lifted its position in TSAKOS ENERGY N/SH by 6.3% in the fourth quarter. WealthTrust Axiom LLC now owns 424,150 shares of the shipping company’s stock valued at $1,128,000 after purchasing an additional 25,000 shares during the period. Wealthsource Partners LLC lifted its position in TSAKOS ENERGY N/SH by 36.7% in the fourth quarter. Wealthsource Partners LLC now owns 15,234 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 4,092 shares during the period. Finally, California Public Employees Retirement System lifted its position in TSAKOS ENERGY N/SH by 1.9% in the fourth quarter. California Public Employees Retirement System now owns 465,821 shares of the shipping company’s stock valued at $1,239,000 after purchasing an additional 8,798 shares during the period. Institutional investors own 22.67% of the company’s stock.

TNP stock opened at $3.19 on Friday. TSAKOS ENERGY N/SH has a 12-month low of $2.56 and a 12-month high of $3.99. The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.96.

TSAKOS ENERGY N/SH (NYSE:TNP) last posted its quarterly earnings results on Friday, March 29th. The shipping company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.12). TSAKOS ENERGY N/SH had a negative net margin of 18.72% and a negative return on equity of 2.17%. The company had revenue of $118.97 million for the quarter, compared to analyst estimates of $121.61 million. As a group, equities analysts forecast that TSAKOS ENERGY N/SH will post -0.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Friday, May 24th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.27%. TSAKOS ENERGY N/SH’s payout ratio is -12.99%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of TSAKOS ENERGY N/SH from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Seaport Global Securities restated a “buy” rating on shares of TSAKOS ENERGY N/SH in a research report on Friday, March 29th. JPMorgan Chase & Co. downgraded shares of TSAKOS ENERGY N/SH from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 23rd. Finally, Morgan Stanley downgraded shares of TSAKOS ENERGY N/SH from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective for the company. in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. TSAKOS ENERGY N/SH currently has an average rating of “Hold” and a consensus price target of $4.38.

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About TSAKOS ENERGY N/SH

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.

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Institutional Ownership by Quarter for TSAKOS ENERGY N/SH (NYSE:TNP)

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