Northern Trust Corp boosted its holdings in Euronav NV (NYSE:EURN) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 103,951 shares of the shipping company’s stock after purchasing an additional 13,546 shares during the quarter. Northern Trust Corp owned about 0.07% of Euronav worth $956,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EURN. BlueMountain Capital Management LLC bought a new stake in shares of Euronav during the second quarter valued at approximately $52,471,000. BlackRock Inc. increased its holdings in shares of Euronav by 1,003,395.9% during the second quarter. BlackRock Inc. now owns 3,883,529 shares of the shipping company’s stock valued at $35,729,000 after acquiring an additional 3,883,142 shares in the last quarter. FMR LLC increased its holdings in shares of Euronav by 43.5% during the second quarter. FMR LLC now owns 4,357,144 shares of the shipping company’s stock valued at $40,053,000 after acquiring an additional 1,320,660 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Euronav by 1,778.4% during the second quarter. Marshall Wace LLP now owns 987,658 shares of the shipping company’s stock valued at $9,077,000 after acquiring an additional 935,077 shares in the last quarter. Finally, GAM Holding AG increased its holdings in shares of Euronav by 1,107.0% during the second quarter. GAM Holding AG now owns 653,239 shares of the shipping company’s stock valued at $6,010,000 after acquiring an additional 599,119 shares in the last quarter. Institutional investors and hedge funds own 40.15% of the company’s stock.

Several research analysts recently issued reports on EURN shares. Zacks Investment Research raised Euronav from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, October 16th. Jefferies Financial Group started coverage on Euronav in a research report on Monday, October 1st. They set a “buy” rating and a $11.00 target price on the stock. BTIG Research started coverage on Euronav in a research report on Thursday, September 27th. They set a “buy” rating and a $12.00 target price on the stock. Pareto Securities raised Euronav from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Finally, ValuEngine cut Euronav from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 12th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.31.

Shares of NYSE:EURN opened at $8.63 on Thursday. The company has a market cap of $1.37 billion, a P/E ratio of -95.89 and a beta of 0.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.49 and a current ratio of 1.51. Euronav NV has a 12-month low of $7.50 and a 12-month high of $10.10.

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About Euronav

Euronav NV, together with its subsidiaries, engages in transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of March 19, 2018, it owned and operated a fleet of 53 vessels, including 28 very large crude carriers, 1 V-Plus vessel, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.

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Institutional Ownership by Quarter for Euronav (NYSE:EURN)

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