FourThought Financial Partners LLC Buys New Stake in Tsakos Energy Navigation Ltd $TEN

FourThought Financial Partners LLC purchased a new stake in Tsakos Energy Navigation Ltd (NYSE:TEN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,764 shares of the company’s stock, valued at approximately $328,000.

Several other large investors also recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings 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 during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Tsakos Energy Navigation by 312.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after purchasing an additional 993 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Tsakos Energy Navigation by 13.2% in the 2nd quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock valued at $244,000 after purchasing an additional 1,482 shares during the period. Foundation Resource Management Inc. grew its stake in Tsakos Energy Navigation by 0.7% during the 3rd quarter. Foundation Resource Management Inc. now owns 352,024 shares of the company’s stock worth $7,822,000 after buying an additional 2,443 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Tsakos Energy Navigation during the second quarter worth approximately $58,000. Institutional investors and hedge funds own 19.24% of the company’s stock.

Tsakos Energy Navigation Price Performance

Shares of NYSE TEN opened at $37.12 on Thursday. The stock has a fifty day moving average price of $28.61 and a 200 day moving average price of $25.04. Tsakos Energy Navigation Ltd has a 1-year low of $13.40 and a 1-year high of $38.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.30 and a quick ratio of 1.25. The company has a market cap of $1.12 billion, a PE ratio of 8.32 and a beta of -0.27.

Tsakos Energy Navigation (NYSE:TEN) last announced its quarterly earnings data on Friday, March 6th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.93. Tsakos Energy Navigation had a net margin of 20.15% and a return on equity of 26.29%. The company had revenue of $182.96 million for the quarter, compared to analysts’ expectations of $162.84 million. Sell-side analysts forecast that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TEN. Jefferies Financial Group reissued a “hold” rating and issued a $24.00 price objective on shares of Tsakos Energy Navigation in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Friday, January 9th. Finally, Clarkson Capital assumed coverage on shares of Tsakos Energy Navigation in a research note on Monday, December 15th. They set a “buy” rating and a $35.00 price target for the company. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Tsakos Energy Navigation currently has a consensus rating of “Hold” and an average price target of $29.50.

Tsakos Energy Navigation Company 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.