According to the most recent report that Shell Asset Management Co submitted to the Securities and Exchange Commission, during the third quarter of 2014, the company sold 35.3% of its holdings in Frontline plc (NYSE: FRO) (SEC).
The corporation was left with 38,414 shares of the shipping company’s stock after it had sold 20,984 of its shares during that period.
The most recent report to the SEC indicated that the value of Shell Asset Management Company’s holding in Frontline was $425,000. Shell Asset Management Company provided this information.
Recent months have seen several significant investors change the quantity of FRO stock held in their portfolios.
During the second quarter, Folketrygdfondet accomplished an overall increase of 10,513.0% in the number of Frontline shares that it held in its portfolio. Folketrygdfondet increased the number of shares it owned in the shipping company to 10,740,390 during the most recent fiscal quarter, bringing the total value of its holdings in its stock to $95,160,000.
Before that, it had 10,639,190 shares in its possession.
Mirabella Financial Services LLP successfully increased the amount of Frontline stock owned by 282.2 percent over the third quarter.
The recent acquisition of an additional 2,660,834 shares brought the total number directly owned by Mirabella Financial Services LLP in the shipping company up to 3,603,745.
The value of these shares as of right now is $3,607,000.
As of the end of the third quarter, the amount of Frontline stock Barclays PLC owned increased to 109.7% from the previous quarter’s level.
Barclays PLC now has 2,309,463 shares of the shipping company’s stock, currently valued at $25,241,000, following the purchase of an additional 1,208,152 shares during the most recent quarter.
During the third quarter, Skandinaviska Enskilda Banken AB (publ) was able to amass a 601.6 percent increase in the proportion of Frontline stock it owned. Skandinaviska Enskilda Banken AB is now the owner of a total of 1,020,983 shares of the stock held by the shipping company.
This comes from the acquisition of 875,453 shares held by the shipping company during the most recent quarter.
There is a total value of $11,159,000.00 associated with these shares.
Mesirow Institutional Investment Management INC made a new investment in Frontline during the third quarter, paying approximately $8,077,000 to purchase the investment.
Institutional investors and hedge funds own 35.91% of the company’s shares. Hedge funds are also significant shareholders in the company.
Recently, a variety of different brokerages have issued statements regarding FRO. StockNews.com previously recommended Frontline with a “hold” rating; however, in a research report published on Tuesday, the website changed its recommendation to reflect a “sell” rating.
In a research note released on Thursday, January 12, Deutsche Bank Aktiengesellschaft raised their price target on Frontline shares from $15.00 to $16.50 and upgraded the stock from a “hold” rating to a “buy” rating.
According to a report distributed by Jefferies Financial Group on Tuesday, the company has assigned Frontline a “buy” rating.
It has increased its price objective for the company from $17.00 to $22.00.
Additionally, the report states that the company has raised its price target for Frontline. Ultimately, The Street raised Frontline’s grade to a “b-” in a report released on November 30, moving it up from a “c.” Research analysts have given the stock three distinct ratings: a recommendation to sell the stock from one analyst, a rating to hold the stock from another analyst, and a recommendation to purchase the stock from the first analyst.
The stock is currently rated “Hold,” and market watchers forecast its price will rise to $16.17 in the not-too-distant future.
Bloomberg.com compiled the information above.
On Friday, shares of FRO stock were introduced to the market for $17.95 each.
The stock’s price is currently trading at $14.10, higher than its moving averages for the past 50 and 200 days, which are $13.08.
The debt-to-equity ratio is 1.03, and the quick, current, and current ratios are all 1.63.
The debt-to-equity ratio is 1.03.
A company’s debt to its equity ratio is the most important ratio to examine.
The company has a price-to-earnings ratio of 15.34, a beta value of 0.32, and a market capitalization of $4 billion.
It is currently trading at $14.10, higher than its moving averages for the past 50 and 200 days, which are $13.08.
The debt-to-equity ratio is 1.03, and the quick, current, and current ratios are all 1.63.
The debt-to-equity ratio is 1.03.
A company’s debt to its equity ratio is the most important ratio to examine.
The company has a price-to-earnings ratio of 15.34, a beta value of 0.32, and a market capitalization of $4 billion.
These metrics, taken together, point to the fact that the company is reasonably stable. Frontline plc reached its one-year high of $18.09 and its one-year low of $7.48 during the period covered by this report.
The most recent quarterly earnings report for Frontline, found on the NYSE under the symbol FRO, was released on November 30. You can find more information about Frontline here.
The previous period at the shipping company resulted in earnings of $0.37 per share for each shareholder.
According to the analysts’ projections, the company’s sales for the upcoming quarter could fall between $247.82 million and $208.84 million.
The return on equity that Frontline achieved was 6.55%, and the net margin it achieved was 22.67%.
The findings of research specialists indicate that analysts anticipate Frontline plc will produce profits per share of 1.65 cents this year.
A multinational shipping corporation, Frontline Plc, owns and operates a fleet of oil and product tankers as part of its business operations.
In addition, it offers the service of transporting crude oil and various petroleum products using marine vessels.
Limmasol, which is a city in the country of Cyprus, serves as the location of the company’s headquarters.
The company was founded in 1985.
Discussion about this post