Tenaris S.A. (NYSE:TS) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in Tenaris S.A. (NYSE:TS - Free Report) by 502.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 306,146 shares of the industrial products company's stock after acquiring an additional 255,327 shares during the period. BNP Paribas Financial Markets owned 0.05% of Tenaris worth $11,569,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in Tenaris by 4.1% during the 4th quarter. Ameriprise Financial Inc. now owns 22,934 shares of the industrial products company's stock worth $867,000 after purchasing an additional 902 shares during the period. Freestone Grove Partners LP acquired a new position in Tenaris during the 4th quarter worth approximately $16,486,000. Schonfeld Strategic Advisors LLC acquired a new position in Tenaris during the 4th quarter worth approximately $1,069,000. Optiver Holding B.V. increased its position in Tenaris by 83.0% during the 4th quarter. Optiver Holding B.V. now owns 499,577 shares of the industrial products company's stock worth $18,879,000 after purchasing an additional 226,514 shares during the period. Finally, Virtus ETF Advisers LLC increased its position in Tenaris by 13.4% during the 4th quarter. Virtus ETF Advisers LLC now owns 5,993 shares of the industrial products company's stock worth $226,000 after purchasing an additional 706 shares during the period. Institutional investors and hedge funds own 10.45% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays set a $48.00 target price on Tenaris and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Bank of America cut Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Stifel Nicolaus decreased their price target on Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley decreased their price target on Tenaris from $35.00 to $34.00 and set an "underweight" rating on the stock in a research note on Friday. Finally, StockNews.com raised Tenaris from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tenaris currently has a consensus rating of "Hold" and an average price target of $44.00.

Tenaris Price Performance

Tenaris stock traded down $0.34 during mid-day trading on Friday, hitting $34.15. 788,524 shares of the company were exchanged, compared to its average volume of 1,756,486. The business's 50 day simple moving average is $35.13 and its two-hundred day simple moving average is $36.80. The company has a market capitalization of $19.86 billion, a P/E ratio of 9.45 and a beta of 1.27. Tenaris S.A. has a 12-month low of $27.24 and a 12-month high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.14. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.88 billion. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. Tenaris's revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. Equities research analysts predict that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be paid a $0.56 dividend. This is a boost from Tenaris's previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris's payout ratio is 68.29%.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.