Tsakos Energy Navigation Ltd $TEN Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in Tsakos Energy Navigation Ltd (NYSE:TEN) by 15.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 466,225 shares of the company’s stock after acquiring an additional 61,428 shares during the period. Renaissance Technologies LLC’s holdings in Tsakos Energy Navigation were worth $18,397,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Tsakos Energy Navigation by 602.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 829,437 shares of the company’s stock worth $15,917,000 after acquiring an additional 711,313 shares during the period. Walleye Capital LLC lifted its stake in shares of Tsakos Energy Navigation by 654.1% during the 1st quarter. Walleye Capital LLC now owns 286,314 shares of the company’s stock worth $11,298,000 after purchasing an additional 248,345 shares during the period. Millennium Management LLC boosted its holdings in shares of Tsakos Energy Navigation by 347.1% during the third quarter. Millennium Management LLC now owns 287,149 shares of the company’s stock worth $6,380,000 after purchasing an additional 222,931 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Tsakos Energy Navigation by 22.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 813,845 shares of the company’s stock valued at $32,114,000 after purchasing an additional 151,195 shares during the period. Finally, Jump Financial LLC increased its stake in Tsakos Energy Navigation by 693.1% in the second quarter. Jump Financial LLC now owns 124,223 shares of the company’s stock valued at $2,384,000 after purchasing an additional 108,561 shares during the last quarter. Institutional investors and hedge funds own 19.24% of the company’s stock.

Tsakos Energy Navigation Trading Up 0.4%

Shares of TEN opened at $39.57 on Friday. Tsakos Energy Navigation Ltd has a twelve month low of $18.80 and a twelve month high of $45.85. The firm has a market capitalization of $1.19 billion, a P/E ratio of 6.44 and a beta of -0.28. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87. The stock’s fifty day simple moving average is $38.52 and its 200 day simple moving average is $36.19.

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

Tsakos Energy Navigation Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, July 23rd. This represents a dividend yield of 507.0%. Tsakos Energy Navigation’s payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

TEN has been the topic of several recent analyst reports. Wall Street Zen upgraded Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Tsakos Energy Navigation has an average rating of “Hold” and an average target price of $29.50.

Tsakos Energy Navigation Profile

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.