EURONAV NV (CMBT)

Market Cap: $3.03B

About: Euronav NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. It generate a large parts of their revenue from voyage charters, including vessels in pools that predominantly perform voyage charters. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products.

Employees: 3,216

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

34% less funds holding

Funds holding: 88 [Q1] → 58 (-30) [Q2]

40% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 20

70% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 43

79% less call options, than puts

Call options by funds: $394K | Put options by funds: $1.86M

84% less capital invested

Capital invested by funds: $497M [Q1] → $78.2M (-$418M) [Q2]