Euronav NV (NYSE:EURN) Shares Sold by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. decreased its position in Euronav NV (NYSE:EURN) by 43.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,014 shares of the shipping company’s stock after selling 45,512 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Euronav were worth $1,056,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in Euronav in the fourth quarter valued at approximately $29,000. Huntington National Bank acquired a new stake in Euronav in the third quarter valued at approximately $33,000. Covestor Ltd raised its holdings in Euronav by 177.1% in the third quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock valued at $41,000 after acquiring an additional 1,601 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Euronav in the third quarter valued at approximately $62,000. Finally, Advisor Group Holdings Inc. increased its stake in Euronav by 240.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,580 shares of the shipping company’s stock valued at $78,000 after purchasing an additional 3,234 shares during the last quarter.

Euronav Stock Performance

Shares of NYSE:EURN traded up $0.04 during midday trading on Wednesday, hitting $16.50. 219,194 shares of the stock were exchanged, compared to its average volume of 1,390,750. The company has a current ratio of 3.84, a quick ratio of 3.79 and a debt-to-equity ratio of 0.27. Euronav NV has a twelve month low of $14.10 and a twelve month high of $18.50. The company has a 50 day moving average price of $17.07 and a 200-day moving average price of $17.48.

Euronav (NYSE:EURN) last announced its earnings results on Thursday, February 1st. The shipping company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.24. Euronav had a net margin of 69.69% and a return on equity of 25.45%. The firm had revenue of $233.62 million during the quarter, compared to the consensus estimate of $266.87 million. As a group, equities analysts expect that Euronav NV will post 1.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Euronav from $17.86 to $21.70 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Euronav from a “buy” rating to a “hold” rating and set a $17.86 price target on the stock. in a research note on Tuesday, February 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price target (down from $21.00) on shares of Euronav in a research note on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Euronav from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.72.

Euronav Company Profile

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.