5 Best Oil Tanker Stocks To Buy Now

4. Euronav NV (NYSE:EURN)

No of HFs: 14

Total Value of HF Holdings: $64.5 Million

The Belgium-based Euronav NV ranks 4th in our list of 11 best oil tanker stocks to buy now. The company provides transportation and storage for crude oil. On top of this, the company also provides shipping services such as fleet management, protection management, and operational management. The company recently bought two eco-Suezmax vessels for a price of $113 million. However, the vessels are still in the shipyard of South Korea to be delivered in January 2022. During the third quarter of 2020, the company reported a dividend of $18.5 million or $0.9 per share.

As the fourth quarter ended, 14 hedge funds in the Insider Monkey database of 887 funds held stakes in Euronav NV, compared to 11 funds in the quarter earlier. Jim Simons’ Renaissance Technologies is the biggest stakeholder of the stock, which had 2.1 million shares, worth $17 million at the end of December.

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