Tsakos Energy Navigation Ltd $TEN is Sagil Capital LLP’s 4th Largest Position

Sagil Capital LLP raised its position in shares of Tsakos Energy Navigation Ltd (NYSE:TEN) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 861,366 shares of the company’s stock after acquiring an additional 103,801 shares during the period. Tsakos Energy Navigation makes up 4.4% of Sagil Capital LLP’s portfolio, making the stock its 4th biggest position. Sagil Capital LLP’s holdings in Tsakos Energy Navigation were worth $19,312,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in shares of Tsakos Energy Navigation by 9.6% during the second quarter. Osaic Holdings Inc. now owns 7,821 shares of the company’s stock worth $150,000 after purchasing an additional 684 shares in the last quarter. Savant Capital LLC lifted its stake in shares of Tsakos Energy Navigation by 6.6% during the fourth quarter. Savant Capital LLC now owns 13,356 shares of the company’s stock worth $299,000 after purchasing an additional 825 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Tsakos Energy Navigation by 312.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after purchasing an additional 993 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Tsakos Energy Navigation by 13.2% during the second quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock worth $244,000 after purchasing an additional 1,482 shares in the last quarter. Finally, Morse Asset Management Inc lifted its stake in shares of Tsakos Energy Navigation by 255.6% during the fourth quarter. Morse Asset Management Inc now owns 2,845 shares of the company’s stock worth $64,000 after purchasing an additional 2,045 shares in the last quarter. Hedge funds and other institutional investors own 19.24% of the company’s stock.

Insider Activity at Tsakos Energy Navigation

In other Tsakos Energy Navigation news, CEO Nikolaos Tsakos purchased 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average price of $39.92 per share, for a total transaction of $499,000.00. Following the completion of the purchase, the chief executive officer owned 906,000 shares in the company, valued at $36,167,520. The trade was a 1.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.41% of the company’s stock.

Analyst Ratings Changes

TEN has been the topic of a number of recent research reports. Wall Street Zen upgraded Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings restated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $29.50.

Tsakos Energy Navigation Trading Down 0.1%

NYSE:TEN opened at $37.11 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.95. Tsakos Energy Navigation Ltd has a one year low of $18.10 and a one year high of $45.85. The business’s 50-day simple moving average is $40.12 and its 200 day simple moving average is $32.45. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 6.04 and a beta of -0.30.

Tsakos Energy Navigation (NYSE:TEN) last released its quarterly earnings results on Thursday, May 21st. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.07 by $0.65. Tsakos Energy Navigation had a return on equity of 23.26% and a net margin of 24.81%.The business had revenue of $223.12 million for the quarter, compared to analysts’ expectations of $208.77 million.

About Tsakos Energy Navigation

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.