Citigroup Inc. Boosts Stake in CMB.TECH nv $CMBT

Citigroup Inc. raised its holdings in shares of CMB.TECH nv (NYSE:CMBT) by 20,049.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,579 shares of the company’s stock after buying an additional 480,184 shares during the period. Citigroup Inc. owned about 0.25% of CMB.TECH worth $4,638,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of CMB.TECH during the 2nd quarter worth approximately $27,000. Legal & General Group Plc lifted its position in shares of CMB.TECH by 221.3% during the second quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock worth $59,000 after purchasing an additional 4,497 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of CMB.TECH by 10.2% during the third quarter. Envestnet Asset Management Inc. now owns 72,320 shares of the company’s stock valued at $679,000 after purchasing an additional 6,696 shares during the period. Blue Trust Inc. boosted its stake in shares of CMB.TECH by 142.0% during the third quarter. Blue Trust Inc. now owns 12,245 shares of the company’s stock valued at $115,000 after purchasing an additional 7,186 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in shares of CMB.TECH by 121.6% in the third quarter. SBI Securities Co. Ltd. now owns 15,860 shares of the company’s stock worth $149,000 after purchasing an additional 8,702 shares during the last quarter.

CMB.TECH Trading Down 3.1%

Shares of CMBT opened at $14.27 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. The company has a 50 day moving average price of $12.03 and a 200-day moving average price of $10.40. CMB.TECH nv has a fifty-two week low of $7.65 and a fifty-two week high of $14.93.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The business had revenue of $639.98 million during the quarter, compared to the consensus estimate of $449.43 million. CMB.TECH had a return on equity of 6.25% and a net margin of 9.70%.

CMB.TECH Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 15th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, April 15th. CMB.TECH’s dividend payout ratio is 10.77%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CMBT shares. Wall Street Zen upgraded shares of CMB.TECH from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 14th. Finally, Pareto Securities upgraded CMB.TECH to a “strong-buy” rating in a report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

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. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.