CMB.TECH nv (CMBT) To Go Ex-Dividend on June 3rd

CMB.TECH nv (NYSE:CMBT) declared a special dividend on Friday, May 22nd. Investors of record on Wednesday, June 3rd will be given a dividend of 0.44 per share on Wednesday, June 10th. The ex-dividend date of this dividend is Wednesday, June 3rd.

CMB.TECH has decreased its dividend by an average of 0.5%annually over the last three years.

CMB.TECH Trading Down 0.1%

CMB.TECH stock opened at $15.46 on Monday. CMB.TECH has a 52 week low of $7.78 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.85 and a current ratio of 0.95. The stock has a market capitalization of $3.08 billion, a P/E ratio of 9.15 and a beta of 0.10. The stock has a 50-day simple moving average of $13.92 and a 200 day simple moving average of $12.34.

CMB.TECH (NYSE:CMBT) last posted its quarterly earnings results on Tuesday, May 19th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.00. CMB.TECH had a return on equity of 18.25% and a net margin of 24.94%.The business had revenue of $519.63 million during the quarter, compared to analysts’ expectations of $422.43 million.

Institutional Investors Weigh In On CMB.TECH

Several hedge funds have recently bought and sold shares of CMBT. Goldman Sachs Group Inc. lifted its position in CMB.TECH by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 248,014 shares of the company’s stock worth $2,252,000 after acquiring an additional 37,356 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of CMB.TECH by 3,978.5% in the second quarter. JPMorgan Chase & Co. now owns 30,752 shares of the company’s stock valued at $277,000 after buying an additional 29,998 shares in the last quarter. Legal & General Group Plc raised its position in shares of CMB.TECH by 221.3% in the second quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after buying an additional 4,497 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CMB.TECH in the second quarter valued at approximately $27,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of CMB.TECH in the second quarter valued at approximately $98,000.

About CMB.TECH

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.