Shares of Tsakos Energy Navigation Limited (NYSE:TNP - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $26.87 and last traded at $26.83, with a volume of 258306 shares. The stock had previously closed at $25.79.
Analyst Ratings Changes
Several research analysts recently commented on the company. StockNews.com raised Tsakos Energy Navigation from a "hold" rating to a "buy" rating in a research report on Thursday, March 28th. Jefferies Financial Group reissued a "buy" rating and set a $30.00 price objective on shares of Tsakos Energy Navigation in a report on Wednesday, March 27th.
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Tsakos Energy Navigation Stock Up 5.0 %
The company has a market capitalization of $799.43 million, a P/E ratio of 2.99 and a beta of -0.14. The stock has a fifty day simple moving average of $24.45 and a 200-day simple moving average of $22.62.
Institutional Trading of Tsakos Energy Navigation
Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. acquired a new stake in shares of Tsakos Energy Navigation in the fourth quarter valued at $32,000. Point72 Asset Management L.P. acquired a new stake in shares of Tsakos Energy Navigation in the fourth quarter valued at $47,000. Royal Bank of Canada increased its position in Tsakos Energy Navigation by 100.9% in the third quarter. Royal Bank of Canada now owns 4,182 shares of the shipping company's stock worth $64,000 after purchasing an additional 2,100 shares during the period. Altshuler Shaham Ltd increased its position in Tsakos Energy Navigation by 33.3% in the fourth quarter. Altshuler Shaham Ltd now owns 4,000 shares of the shipping company's stock worth $75,000 after purchasing an additional 1,000 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Tsakos Energy Navigation in the third quarter worth about $91,000. 19.24% of the stock is currently owned by institutional investors and hedge funds.
About Tsakos Energy Navigation
(
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Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.
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