Citigroup Inc. Raises Stock Holdings in Frontline PLC $FRO

Citigroup Inc. grew its stake in shares of Frontline PLC (NYSE:FRO) by 185.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 606,443 shares of the shipping company’s stock after acquiring an additional 394,226 shares during the quarter. Citigroup Inc. owned about 0.27% of Frontline worth $13,821,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Frontline by 2.9% in the third quarter. Vanguard Group Inc. now owns 5,840,353 shares of the shipping company’s stock worth $133,738,000 after purchasing an additional 164,776 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Frontline by 155.1% during the 2nd quarter. Marshall Wace LLP now owns 1,692,537 shares of the shipping company’s stock valued at $27,775,000 after buying an additional 1,029,034 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Frontline by 28.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,560,908 shares of the shipping company’s stock worth $25,614,000 after buying an additional 344,706 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Frontline by 20.6% in the third quarter. SG Americas Securities LLC now owns 1,058,260 shares of the shipping company’s stock worth $24,118,000 after acquiring an additional 180,731 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Frontline by 27.3% in the second quarter. The Manufacturers Life Insurance Company now owns 942,698 shares of the shipping company’s stock worth $15,477,000 after acquiring an additional 202,142 shares during the period. 22.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Frontline in a research report on Monday, December 29th. Clarkson Capital raised shares of Frontline from a “neutral” rating to a “buy” rating in a report on Monday, January 12th. Evercore reaffirmed an “outperform” rating and set a $42.00 target price on shares of Frontline in a report on Friday. Jefferies Financial Group increased their price target on shares of Frontline from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Finally, BTIG Research boosted their price objective on shares of Frontline from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.62.

Frontline News Roundup

Here are the key news stories impacting Frontline this week:

• Positive Sentiment: Company announced a major VLCC fleet renewal alongside a strong Q4 operational update, signaling reinvestment in younger, more efficient tonnage and potential medium‑term earnings leverage as older ships are replaced. Frontline Delivers Strong Q4 and Launches Major VLCC Fleet Renewal
• Positive Sentiment: BTIG raised its price target to $42 and maintained a Buy rating, providing fresh analyst backing and suggesting upside from current levels — a catalyst for momentum and investor confidence. BTIG Price Target Raise
• Positive Sentiment: Board refresh: Frontline appointed shipping veteran Mikkel Storm Weum and accepted Ørjan Svanevik’s resignation — a governance move that brings operational experience to the board and may support strategic execution. Frontline Refreshes Board
• Neutral Sentiment: Revenue grew ~46.7% year‑over‑year, reflecting stronger freight markets and higher utilization — a clear operational positive, though some of this improvement may already be reflected in the rally. Q4 Earnings Summary
• Neutral Sentiment: Street still expects continued earnings growth (consensus ~1.78 EPS for the year), which supports valuation, but this is forward‑looking and dependent on tanker rates and fleet utilization.
• Negative Sentiment: Reported EPS of $1.03 missed the $1.13 consensus — a near‑term negative that tempers the headline strength and explains some intra‑day volatility. Detailed earnings snapshots are available. Frontline Q4 Earnings Summary & Key Takeaways

Frontline Price Performance

Shares of Frontline stock opened at $37.91 on Friday. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 38.68 and a beta of 0.07. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.27. The stock’s 50-day simple moving average is $27.38 and its 200-day simple moving average is $24.40. Frontline PLC has a 52 week low of $12.40 and a 52 week high of $37.97.

Frontline (NYSE:FRO) last posted its quarterly earnings results on Friday, February 27th. The shipping company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.10). Frontline had a return on equity of 8.89% and a net margin of 12.23%.The business had revenue of $424.51 million during the quarter, compared to analysts’ expectations of $456.90 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The firm’s revenue for the quarter was up 46.7% on a year-over-year basis. As a group, analysts expect that Frontline PLC will post 1.78 earnings per share for the current fiscal year.

Frontline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 12th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Frontline’s previous quarterly dividend of $0.19. This represents a $4.12 annualized dividend and a yield of 10.9%. Frontline’s dividend payout ratio is 77.55%.

About Frontline

Frontline Ltd. (NYSE:FRO) is a leading global shipping company specializing in the seaborne transportation of crude oil and petroleum products. The company’s core business activities encompass the ownership and operation of very large crude carriers (VLCCs), Suezmax tankers and Aframax vessels. Through long-term charters, spot market operations and time charters, Frontline provides flexible shipping solutions that cater to a diverse set of energy producers, refiners and trading houses worldwide.

Frontline’s fleet is geared toward high-capacity, ocean-going tankers capable of carrying large volumes of crude oil over intercontinental distances.