Lois Zabrocky Sells 2,000 Shares of International Seaways (NYSE:INSW) Stock

International Seaways Inc. (NYSE:INSW) CEO Lois Zabrocky sold 2,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $63.96, for a total value of $127,920.00. Following the completion of the transaction, the chief executive officer owned 178,421 shares of the company’s stock, valued at $11,411,807.16. This trade represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

International Seaways Price Performance

Shares of NYSE:INSW opened at $67.06 on Friday. International Seaways Inc. has a twelve month low of $27.20 and a twelve month high of $67.45. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.26. The company has a market cap of $3.31 billion, a PE ratio of 15.28 and a beta of -0.19. The company’s 50 day moving average is $55.18 and its 200 day moving average is $50.34.

Institutional Investors Weigh In On International Seaways

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its stake in International Seaways by 2.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,300 shares of the transportation company’s stock worth $452,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System increased its position in International Seaways by 1.7% during the third quarter. Arizona State Retirement System now owns 12,409 shares of the transportation company’s stock worth $572,000 after purchasing an additional 206 shares during the last quarter. ProShare Advisors LLC raised its stake in International Seaways by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 7,825 shares of the transportation company’s stock worth $380,000 after purchasing an additional 241 shares during the period. Evergreen Capital Management LLC raised its stake in International Seaways by 2.9% during the third quarter. Evergreen Capital Management LLC now owns 9,832 shares of the transportation company’s stock worth $453,000 after purchasing an additional 274 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in International Seaways by 1.4% in the 4th quarter. Guggenheim Capital LLC now owns 19,760 shares of the transportation company’s stock valued at $959,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 67.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Pareto Securities upgraded shares of International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, January 20th. Zacks Research lowered International Seaways from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. BTIG Research boosted their price objective on International Seaways from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of International Seaways from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of International Seaways in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Seaways currently has an average rating of “Moderate Buy” and a consensus price target of $60.67.

About International Seaways

International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time­ charter and voyage­ charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.

Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.