Tsakos Energy Navigation Ltd (TNP) Position Maintained by York Capital Management Global Advisors LLC

York Capital Management Global Advisors LLC maintained its stake in shares of Tsakos Energy Navigation Ltd (NYSE:TNP) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 484,684 shares of the shipping company’s stock at the end of the first quarter. York Capital Management Global Advisors LLC owned approximately 0.58% of Tsakos Energy Navigation worth $2,322,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in Tsakos Energy Navigation by 49.8% in the first quarter. Ameriprise Financial Inc. now owns 27,235 shares of the shipping company’s stock valued at $130,000 after buying an additional 9,060 shares during the last quarter. KCG Holdings Inc. raised its stake in Tsakos Energy Navigation by 74.6% in the first quarter. KCG Holdings Inc. now owns 31,543 shares of the shipping company’s stock valued at $151,000 after buying an additional 13,473 shares during the last quarter. Ellington Management Group LLC bought a new stake in Tsakos Energy Navigation during the fourth quarter valued at about $238,000. State Street Corp raised its stake in Tsakos Energy Navigation by 12.1% in the fourth quarter. State Street Corp now owns 97,858 shares of the shipping company’s stock valued at $459,000 after buying an additional 10,564 shares during the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in Tsakos Energy Navigation by 29.9% in the first quarter. Essex Investment Management Co. LLC now owns 99,023 shares of the shipping company’s stock valued at $474,000 after buying an additional 22,802 shares during the last quarter. Institutional investors own 27.51% of the company’s stock.

Institutional Ownership by Quarter for Tsakos Energy Navigation (NYSE:TNP)

Tsakos Energy Navigation Ltd (NYSE TNP) traded down 2.07% during mid-day trading on Monday, reaching $4.26. The company’s stock had a trading volume of 250,971 shares. The firm has a 50 day moving average price of $4.47 and a 200 day moving average price of $4.68. Tsakos Energy Navigation Ltd has a 52-week low of $3.92 and a 52-week high of $5.59. The company has a market cap of $356.65 million, a price-to-earnings ratio of 9.06 and a beta of 1.61.

Tsakos Energy Navigation (NYSE:TNP) last released its quarterly earnings results on Friday, May 12th. The shipping company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $108.16 million during the quarter, compared to analyst estimates of $113.51 million. Tsakos Energy Navigation had a net margin of 9.61% and a return on equity of 3.40%. Equities research analysts anticipate that Tsakos Energy Navigation Ltd will post $0.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Tuesday, July 11th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, July 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.69%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is currently 51.28%.

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Several analysts recently issued reports on TNP shares. Maxim Group reiterated a “buy” rating and set a $7.00 target price on shares of Tsakos Energy Navigation in a report on Tuesday, March 21st. Jefferies Group LLC restated a “buy” rating and issued a $6.00 price objective on shares of Tsakos Energy Navigation in a research note on Monday, April 24th. ValuEngine lowered Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Thursday, March 23rd. Finally, Credit Suisse Group restated a “hold” rating and issued a $5.00 price objective on shares of Tsakos Energy Navigation in a research note on Friday, March 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $6.30.

About Tsakos Energy Navigation

Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 50 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

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