Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Frontline plc NYSE: FRO. In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Frontline stock on May 5th. The trade occurred in the Representative's "MARJORIE IRA" account.
Representative Marjorie Taylor Greene also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 5/5/2025.
- Purchased $1,001 - $15,000 in shares of Occidental Petroleum NYSE: OXY on 5/5/2025.
- Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 5/5/2025.
- Purchased $1,001 - $15,000 in shares of MercadoLibre NASDAQ: MELI on 5/5/2025.
- Purchased $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 5/5/2025.
- Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 5/5/2025.
- Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 5/5/2025.
- Purchased $1,001 - $15,000 in shares of BHP Group NYSE: BHP on 5/5/2025.
- Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/5/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 5/5/2025.
Frontline Price Performance
NYSE:FRO traded up $0.32 during mid-day trading on Friday, reaching $17.43. 1,945,200 shares of the company were exchanged, compared to its average volume of 2,441,851. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.44. The stock has a market cap of $3.88 billion, a PE ratio of 7.11 and a beta of 0.24. Frontline plc has a 12 month low of $12.40 and a 12 month high of $29.39. The company has a fifty day moving average of $15.61 and a 200 day moving average of $16.50.
Frontline (NYSE:FRO - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The shipping company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Frontline had a net margin of 25.64% and a return on equity of 19.25%. The business had revenue of $425.60 million for the quarter, compared to analysts' expectations of $273.16 million. During the same period in the prior year, the firm earned $0.46 earnings per share. Frontline's revenue was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Frontline plc will post 1.78 EPS for the current fiscal year.
Frontline Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.59%. Frontline's dividend payout ratio is 36.04%.
Hedge Funds Weigh In On Frontline
Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new stake in shares of Frontline in the 4th quarter valued at about $31,000. Bayforest Capital Ltd acquired a new stake in Frontline in the first quarter worth $34,000. Signaturefd LLC boosted its position in shares of Frontline by 59.3% during the first quarter. Signaturefd LLC now owns 2,657 shares of the shipping company's stock worth $39,000 after purchasing an additional 989 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Frontline in the 4th quarter valued at $84,000. Finally, National Bank of Canada FI increased its position in shares of Frontline by 331.8% in the 4th quarter. National Bank of Canada FI now owns 6,166 shares of the shipping company's stock valued at $87,000 after buying an additional 4,738 shares in the last quarter. Institutional investors and hedge funds own 22.70% of the company's stock.
Analyst Ratings Changes
FRO has been the subject of a number of recent research reports. Kepler Capital Markets set a $12.49 target price on Frontline in a research report on Thursday, March 27th. Evercore ISI cut their target price on shares of Frontline from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Frontline currently has a consensus rating of "Moderate Buy" and an average price target of $20.62.
Check Out Our Latest Stock Analysis on Frontline
About Representative Greene
Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.
Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.
About Frontline
(
Get Free Report)
Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2022, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Limassol, Cyprus.
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