Tsakos Energy Navigation (NYSE:TNP) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Tsakos Energy Navigation (NYSE:TNP) in a research note published on Thursday morning. The firm issued a hold rating on the shipping company’s stock.

Separately, Jefferies Financial Group reaffirmed a buy rating and set a $30.00 price objective on shares of Tsakos Energy Navigation in a report on Wednesday, March 27th.

Tsakos Energy Navigation Stock Performance

The firm has a market cap of $864.05 million, a price-to-earnings ratio of 5.94 and a beta of -0.15. The company’s fifty day simple moving average is $29.30 and its 200-day simple moving average is $26.08. Tsakos Energy Navigation has a 12-month low of $16.96 and a 12-month high of $31.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.51 and a current ratio of 1.58.

Tsakos Energy Navigation Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 18th. Shareholders of record on Friday, July 12th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, July 12th. This is a boost from Tsakos Energy Navigation’s previous Semi-Annual dividend of $0.30. This represents a dividend yield of 4.2%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is presently 12.17%.

Institutional Investors Weigh In On Tsakos Energy Navigation

Large investors have recently made changes to their positions in the company. AdvisorShares Investments LLC acquired a new position in Tsakos Energy Navigation in the fourth quarter valued at about $622,000. Semanteon Capital Management LP bought a new position in shares of Tsakos Energy Navigation in the fourth quarter valued at approximately $776,000. Raymond James & Associates acquired a new position in shares of Tsakos Energy Navigation in the 4th quarter worth approximately $532,000. Norden Group LLC acquired a new position in shares of Tsakos Energy Navigation in the 1st quarter worth approximately $314,000. Finally, Dfpg Investments LLC grew its position in Tsakos Energy Navigation by 13.7% during the 4th quarter. Dfpg Investments LLC now owns 25,432 shares of the shipping company’s stock worth $596,000 after acquiring an additional 3,064 shares during the last quarter. Institutional investors own 19.24% of the company’s stock.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.