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

International Seaways Inc. (NYSE:INSW) CEO Lois Zabrocky sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $114.23, for a total transaction of $228,460.00. Following the completion of the sale, the chief executive officer owned 169,745 shares in the company, valued at $19,389,971.35. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

International Seaways Price Performance

Shares of NYSE INSW traded down $5.11 during midday trading on Monday, reaching $104.88. 1,102,402 shares of the company were exchanged, compared to its average volume of 612,262. The stock’s 50-day moving average price is $105.69 and its 200-day moving average price is $91.22. The stock has a market cap of $5.19 billion, a P/E ratio of 6.71, a PEG ratio of 0.27 and a beta of -0.14. The company has a quick ratio of 5.76, a current ratio of 5.94 and a debt-to-equity ratio of 0.27. International Seaways Inc. has a one year low of $44.84 and a one year high of $126.27.

International Seaways (NYSE:INSW) last announced its quarterly earnings results on Monday, August 10th. The transportation company reported $5.91 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.36. International Seaways had a return on equity of 31.75% and a net margin of 61.98%. The company had revenue of $467.29 million during the quarter, compared to analysts’ expectations of $406.38 million. During the same period in the prior year, the company earned $1.02 EPS. International Seaways’s revenue was up 138.9% compared to the same quarter last year. On average, sell-side analysts anticipate that International Seaways Inc. will post 17.08 earnings per share for the current fiscal year.

International Seaways Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a dividend of $5.05 per share. The ex-dividend date was Thursday, September 10th. This represents a $20.20 dividend on an annualized basis and a yield of 19.3%. This is an increase from International Seaways’s previous quarterly dividend of $0.12. International Seaways’s dividend payout ratio is presently 129.16%.

Hedge Funds Weigh In On International Seaways

A number of hedge funds have recently modified their holdings of INSW. Quantbot Technologies LP acquired a new stake in International Seaways in the second quarter valued at $28,000. Mather Group LLC. raised its position in International Seaways by 100.0% during the 3rd quarter. Mather Group LLC. now owns 400 shares of the transportation company’s stock worth $44,000 after purchasing an additional 200 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in International Seaways by 583.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 963 shares of the transportation company’s stock worth $47,000 after purchasing an additional 822 shares during the last quarter. Allworth Financial LP acquired a new position in International Seaways during the 2nd quarter worth about $48,000. Finally, Public Employees Retirement System of Ohio acquired a new position in International Seaways during the 2nd quarter worth about $66,000. Institutional investors and hedge funds own 67.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on INSW shares. BTIG Research upped their target price on International Seaways from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Weiss Ratings raised International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $107.00 price target on shares of International Seaways in a report on Tuesday, September 1st. Jefferies Financial Group upped their price objective on International Seaways from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, B. Riley Financial upped their price objective on International Seaways from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, International Seaways has a consensus rating of “Buy” and a consensus price target of $109.80.

Key Stories Impacting International Seaways

Here are the key news stories impacting International Seaways this week:

• Positive Sentiment: International Seaways agreed to acquire Bruton for approximately $370 million, adding four very large crude carriers (VLCCs) to its fleet. The transaction would expand the company’s exposure to the tanker market and could increase earnings capacity if crude-shipping rates remain strong. International Seaways Expands VLCC Fleet Through Combination with Bruton
• Neutral Sentiment: Analysts’ consensus price target is reported at $109.80, suggesting limited upside relative to recent trading levels. The target reflects expectations for continued strong tanker earnings but may not yet fully account for the Bruton transaction. Consensus target for International Seaways stock stands at USD 109.80
• Negative Sentiment: A major shareholder, Famatown Finance Ltd., has sold roughly $107 million of International Seaways stock over several months, including numerous transactions reported today. Large insider or shareholder disposals can pressure the stock and raise concerns about near-term supply, even though the seller retains a substantial position. International Seaways owner sells $107 million stake over months
• Negative Sentiment: Several individual sale reports—ranging from roughly $3 million to more than $12 million—reinforce the scale of the shareholder’s selling activity. The transactions may be contributing more immediately to investor caution than the fleet-expansion announcement is contributing to buying interest. International Seaways major shareholder sells stock

International Seaways Company Profile

International Seaways, Inc (NYSE: INSW) is a maritime transportation company that owns and operates oceangoing tankers. The company transports crude oil, refined petroleum products and other liquid cargoes for energy producers, commodity traders, refiners and other customers worldwide.

Its fleet includes crude-oil tankers serving major international trade routes, as well as product tankers used to move gasoline, diesel, jet fuel and other refined petroleum products. International Seaways employs a combination of time-charter, voyage-charter and pool arrangements to market its vessels and provide transportation services.

International Seaways was established in 2016 through the separation of the international tanker business from Overseas Shipholding Group.