UBS Group AG increased its stake in shares of Euronav NV (NYSE:EURN – Get Rating) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,231,935 shares of the shipping company’s stock after buying an additional 273,735 shares during the quarter. UBS Group AG owned 0.61% of Euronav worth $20,992,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of EURN. RFP Financial Group LLC purchased a new position in Euronav in the fourth quarter worth $51,000. BlackRock Inc. lifted its position in shares of Euronav by 43.8% during the 3rd quarter. BlackRock Inc. now owns 5,160 shares of the shipping company’s stock valued at $80,000 after buying an additional 1,572 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Euronav during the 3rd quarter valued at $163,000. Chapin Davis Inc. purchased a new position in shares of Euronav during the 4th quarter valued at $192,000. Finally, Bridgefront Capital LLC purchased a new position in shares of Euronav during the 3rd quarter valued at $195,000. Hedge funds and other institutional investors own 68.04% of the company’s stock.
Analyst Ratings Changes
EURN has been the topic of a number of recent research reports. DNB Markets upped their price target on Euronav from $20.50 to $23.00 in a research report on Tuesday, April 18th. Stifel Nicolaus raised Euronav from a “hold” rating to a “buy” rating and upped their price target for the company from $17.00 to $22.00 in a research report on Tuesday, April 25th. Deutsche Bank Aktiengesellschaft raised Euronav from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, May 11th. Jefferies Financial Group reissued a “buy” rating and set a $24.00 price objective on shares of Euronav in a report on Tuesday, March 21st. Finally, TheStreet raised Euronav from a “c+” rating to a “b” rating in a report on Monday, February 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.53.
Euronav Stock Performance
About Euronav
Euronav NV engages in the ocean transportation and storage of crude oil. The firm operates through the following segments: Operation of crude oil tankers on the international markets (Tankers) and Floating Production, Storage and Offloading Operations (FSO/FPSO). The Tankers segment provides shipping services for crude oil seaborne transportation.
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