Sagil Capital LLP Grows Position in CMB.TECH nv $CMBT

Sagil Capital LLP raised its position in CMB.TECH nv (NYSE:CMBT) by 133.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,397,397 shares of the company’s stock after acquiring an additional 798,827 shares during the period. CMB.TECH comprises 3.1% of Sagil Capital LLP’s portfolio, making the stock its 5th biggest position. Sagil Capital LLP’s holdings in CMB.TECH were worth $13,485,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in CMB.TECH by 3,042.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,242,670 shares of the company’s stock valued at $40,701,000 after acquiring an additional 4,107,637 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in CMB.TECH by 21.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,849,002 shares of the company’s stock valued at $27,493,000 after acquiring an additional 496,086 shares in the last quarter. Mirabella Financial Services LLP bought a new stake in CMB.TECH in the 3rd quarter valued at approximately $22,386,000. Norges Bank bought a new stake in CMB.TECH in the 4th quarter valued at approximately $21,956,000. Finally, Marshall Wace LLP bought a new stake in CMB.TECH in the 3rd quarter valued at approximately $17,428,000.

Wall Street Analysts Forecast Growth

CMBT has been the topic of several research reports. Wall Street Zen upgraded CMB.TECH from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Berenberg Bank upgraded CMB.TECH to a “strong-buy” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, CMB.TECH currently has a consensus rating of “Buy”.

CMB.TECH Price Performance

Shares of NYSE CMBT opened at $14.92 on Friday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.83 and a beta of 0.10. The business has a 50-day moving average of $14.33 and a 200-day moving average of $12.66. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.95 and a quick ratio of 0.85. CMB.TECH nv has a fifty-two week low of $7.78 and a fifty-two week high of $17.72.

CMB.TECH (NYSE:CMBT) last announced its quarterly earnings data on Tuesday, May 19th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.00. The company had revenue of $519.63 million during the quarter, compared to analysts’ expectations of $422.43 million. CMB.TECH had a return on equity of 18.25% and a net margin of 24.94%.

CMB.TECH Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd were issued a $0.44 dividend. The ex-dividend date was Wednesday, June 3rd. CMB.TECH’s dividend payout ratio (DPR) is presently 36.69%.

About CMB.TECH

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.