Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) CEO Nikolaos Tsakos purchased 12,500 shares of the stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average price of $39.92 per share, for a total transaction of $499,000.00. Following the completion of the transaction, the chief executive officer owned 906,000 shares in the company, valued at $36,167,520. This trade represents a 1.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Tsakos Energy Navigation Stock Up 1.6%
Shares of TEN stock opened at $40.74 on Friday. Tsakos Energy Navigation Ltd has a 1 year low of $16.44 and a 1 year high of $41.25. The stock has a market cap of $1.23 billion, a PE ratio of 9.13 and a beta of -0.30. The business's fifty day moving average is $37.41 and its 200-day moving average is $29.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.95.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its quarterly earnings results on Friday, March 6th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.93. Tsakos Energy Navigation had a return on equity of 17.26% and a net margin of 20.15%.The company had revenue of $182.96 million for the quarter, compared to analysts' expectations of $162.84 million.
Institutional Trading of Tsakos Energy Navigation
A number of institutional investors and hedge funds have recently made changes to their positions in TEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Tsakos Energy Navigation by 602.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 829,437 shares of the company's stock worth $15,917,000 after buying an additional 711,313 shares during the last quarter. Millennium Management LLC raised its holdings in Tsakos Energy Navigation by 347.1% in the 3rd quarter. Millennium Management LLC now owns 287,149 shares of the company's stock valued at $6,380,000 after acquiring an additional 222,931 shares in the last quarter. Jump Financial LLC raised its holdings in Tsakos Energy Navigation by 693.1% in the 2nd quarter. Jump Financial LLC now owns 124,223 shares of the company's stock valued at $2,384,000 after acquiring an additional 108,561 shares in the last quarter. Sagil Capital LLP raised its holdings in Tsakos Energy Navigation by 13.7% in the 4th quarter. Sagil Capital LLP now owns 861,366 shares of the company's stock valued at $19,312,000 after acquiring an additional 103,801 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Tsakos Energy Navigation by 153.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 100,494 shares of the company's stock worth $2,253,000 after buying an additional 60,783 shares in the last quarter. Institutional investors and hedge funds own 19.24% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Tsakos Energy Navigation in a research note on Wednesday, April 8th. Wall Street Zen upgraded Tsakos Energy Navigation from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $29.50.
Read Our Latest Report on TEN
About Tsakos Energy Navigation
(
Get Free Report)
Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.
The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.
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