5 Best Extremely Profitable Stocks to Invest in

4. Euronav NV (NYSE:EURN)

Number of Q4 2023 Hedge Fund Shareholders: 32

Latest Trailing Twelve Month Net Margin: 69.69%

Euronav NV (NYSE:EURN) is a Belgian based ocean oil and gas transportation company. The stock seems to have fallen out of favor with investment banks, as JPMorgan, Jefferies, and Deutsche Bank have all downgraded the shares between December 2023 to February 2024. JPMorgan’s latest investment note reaffirmed a Neutral rating for the shares (the earlier rating was Outperform) and a share price target of $21.

After sifting through 933 hedge fund portfolios for their December quarter of 2023 shareholdings, Insider Monkey found that 32 had bought a stake in Euronav NV (NYSE:EURN). Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the largest shareholder through its $94.3 million investment.

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