Rep. Marjorie Taylor Greene Buys Frontline plc (NYSE:FRO) Stock

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 Stock Performance

Shares of NYSE FRO traded up $0.13 during trading on Tuesday, reaching $17.64. 643,951 shares of the stock traded hands, compared to its average volume of 2,436,311. The stock has a market capitalization of $3.93 billion, a P/E ratio of 7.20 and a beta of 0.24. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.43 and a quick ratio of 1.43. The company has a 50-day moving average of $15.64 and a 200-day moving average of $16.43. Frontline plc has a 52-week low of $12.40 and a 52-week high of $29.39.

Frontline (NYSE:FRO - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The shipping company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Frontline had a return on equity of 19.25% and a net margin of 25.64%. The firm had revenue of $425.60 million during the quarter, compared to the consensus estimate of $273.16 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business's revenue was up 2.6% on a year-over-year basis. Analysts forecast that Frontline plc will post 1.78 EPS for the current fiscal year.

Frontline Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend was Friday, March 14th. Frontline's dividend payout ratio is 36.04%.

Institutional Trading of Frontline

Institutional investors have recently modified their holdings of the stock. Nuveen LLC purchased a new position in Frontline in the 1st quarter valued at $1,848,000. Virtu Financial LLC lifted its position in Frontline by 66.8% during the 1st quarter. Virtu Financial LLC now owns 42,796 shares of the shipping company's stock worth $636,000 after acquiring an additional 17,134 shares in the last quarter. Deutsche Bank AG grew its position in Frontline by 9.6% in the first quarter. Deutsche Bank AG now owns 366,556 shares of the shipping company's stock valued at $5,443,000 after acquiring an additional 32,213 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Frontline by 64.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 118,566 shares of the shipping company's stock valued at $1,761,000 after purchasing an additional 46,594 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Frontline by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,547,556 shares of the shipping company's stock worth $81,538,000 after purchasing an additional 54,471 shares in the last quarter. Hedge funds and other institutional investors own 22.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FRO. Kepler Capital Markets set a $12.49 price objective on Frontline in a research note on Thursday, March 27th. Evercore ISI reduced their price objective 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 research analysts have rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.62.

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.

Frontline Company Profile

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.