Blue Trust Inc. Sells 1,406 Shares of CMB.TECH nv $CMBT

Blue Trust Inc. decreased its stake in shares of CMB.TECH nv (NYSE:CMBT) by 21.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,059 shares of the company’s stock after selling 1,406 shares during the period. Blue Trust Inc.’s holdings in CMB.TECH were worth $46,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. boosted its holdings in shares of CMB.TECH by 27.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,934 shares of the company’s stock worth $63,000 after buying an additional 1,496 shares during the period. XTX Topco Ltd bought a new stake in CMB.TECH in the 1st quarter valued at about $147,000. Envestnet Asset Management Inc. boosted its holdings in CMB.TECH by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 72,292 shares of the company’s stock valued at $656,000 after purchasing an additional 6,304 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in CMB.TECH by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,014 shares of the company’s stock valued at $2,252,000 after purchasing an additional 37,356 shares during the period.

Analysts Set New Price Targets

A number of research firms have issued reports on CMBT. Wall Street Zen downgraded shares of CMB.TECH from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of CMB.TECH in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

CMB.TECH Stock Performance

Shares of CMB.TECH stock opened at $9.63 on Friday. The company has a 50 day moving average of $9.11 and a 200-day moving average of $9.14. CMB.TECH nv has a 1-year low of $7.65 and a 1-year high of $16.39. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 1.98. The company has a market cap of $1.87 billion, a PE ratio of 7.76 and a beta of 0.04.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). CMB.TECH had a return on equity of 6.02% and a net margin of 22.69%.The firm had revenue of $387.81 million for the quarter, compared to the consensus estimate of $259.00 million.

CMB.TECH Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, October 2nd were given a dividend of $0.05 per share. The ex-dividend date was Thursday, October 2nd. CMB.TECH’s dividend payout ratio is currently 3.23%.

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.