Tsakos Energy Navigation (NYSE:TEN) CFO Sells $530,000.00 in Stock

Tsakos Energy Navigation Ltd (NYSE:TEN) CFO Theoharrys Kosmatos sold 10,000 shares of the company’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $53.00, for a total transaction of $530,000.00. Following the completion of the transaction, the chief financial officer owned 14,700 shares of the company’s stock, valued at $779,100. This trade represents a 40.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Tsakos Energy Navigation Stock Down 0.7%

TEN opened at $46.66 on Friday. The business’s fifty day simple moving average is $42.72 and its 200 day simple moving average is $40.33. Tsakos Energy Navigation Ltd has a 52 week low of $20.50 and a 52 week high of $53.84. The company has a quick ratio of 1.35, a current ratio of 1.40 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1.41 billion, a PE ratio of 4.73 and a beta of -0.26.

Tsakos Energy Navigation (NYSE:TEN) last posted its quarterly earnings data on Thursday, September 10th. The company reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.21. The firm had revenue of $246.28 million during the quarter, compared to analysts’ expectations of $238.87 million. Tsakos Energy Navigation had a return on equity of 29.44% and a net margin of 33.81%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Monday, July 6th. Wall Street Zen raised shares of Tsakos Energy Navigation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 19th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.50.

Hedge Funds Weigh In On Tsakos Energy Navigation

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its stake in Tsakos Energy Navigation by 22.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 813,845 shares of the company’s stock worth $32,114,000 after purchasing an additional 151,195 shares during the period. Sagil Capital LLP increased its stake in shares of Tsakos Energy Navigation by 13.7% in the fourth quarter. Sagil Capital LLP now owns 861,366 shares of the company’s stock worth $19,312,000 after buying an additional 103,801 shares during the period. Renaissance Technologies LLC raised its holdings in Tsakos Energy Navigation by 15.2% during the 1st quarter. Renaissance Technologies LLC now owns 466,225 shares of the company’s stock valued at $18,397,000 after buying an additional 61,428 shares during the last quarter. Cooper Creek Partners Management LLC bought a new stake in Tsakos Energy Navigation during the 1st quarter valued at $15,688,000. Finally, Walleye Capital LLC boosted its position in Tsakos Energy Navigation by 654.1% during the 1st quarter. Walleye Capital LLC now owns 286,314 shares of the company’s stock valued at $11,298,000 after buying an additional 248,345 shares during the period. 19.24% of the stock is currently owned by institutional investors.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd. is a Greek-based international tanker company that owns and operates vessels serving the global energy transportation industry. Its fleet has historically included crude oil tankers, product tankers, shuttle tankers and liquefied natural gas carriers, enabling the company to transport crude oil, refined petroleum products and other energy commodities.

Founded in 1993, Tsakos Energy Navigation developed a diversified fleet serving oil companies, refiners, commodity traders and other charterers.