Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.90 and traded as high as $42.82. Tsakos Energy Navigation shares last traded at $42.6630, with a volume of 230,391 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tsakos Energy Navigation in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Tsakos Energy Navigation currently has an average rating of "Hold" and an average target price of $29.50.
Read Our Latest Stock Analysis on TEN
Tsakos Energy Navigation Price Performance
The business's fifty day moving average price is $39.18 and its 200-day moving average price is $37.90. The company has a market capitalization of $1.29 billion, a P/E ratio of 6.95 and a beta of -0.28. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87.
Tsakos Energy Navigation Announces Dividend
The company also recently disclosed a dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd were issued a $1.00 dividend. This represents a dividend yield of 507.0%. The ex-dividend date was Thursday, July 23rd. Tsakos Energy Navigation's dividend payout ratio is presently 32.57%.
Insider Activity at Tsakos Energy Navigation
In related news, Director Clio Hatzimichalis sold 5,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $41.07, for a total transaction of $205,350.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $205,350. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.41% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in TEN. EverSource Wealth Advisors LLC lifted its holdings in shares of Tsakos Energy Navigation by 312.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company's stock worth $25,000 after acquiring an additional 993 shares during the last quarter. Barclays PLC bought a new position in shares of Tsakos Energy Navigation during the 4th quarter valued at $36,000. Smartleaf Asset Management LLC raised its position in Tsakos Energy Navigation by 186.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,435 shares of the company's stock worth $54,000 after purchasing an additional 1,585 shares during the period. Summit Securities Group LLC purchased a new position in Tsakos Energy Navigation in the 4th quarter worth $56,000. Finally, Raymond James Financial Inc. bought a new stake in Tsakos Energy Navigation in the second quarter worth $58,000. 19.24% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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