Frontline plc
In the published model solve dated 2026-Q2, anchored at $46.12, Frontline plc (FRO) is priced for +5.1% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• Frontline owns 80 tankers, 41 of them VLCCs, and runs them against an estimated cash breakeven of 24,300 dollars a day for the next twelve months, while VLCC spot earnings averaged 103,500 dollars a day in the March quarter [Source: Q1 2026 interim report, filed May 26, 2026]. • That spread is a wartime spread: Arabian Gulf production fell by 10.0 million barrels a day between February and March after the effective closure of the Strait of Hormuz, and rates followed [Source: Q1 2026 interim re
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232 institutional managers reported holding FRO in 13F filings for the quarter ended 2026-03-31. Together they hold about 28% of the company; the top 10 hold 16%. 78 opened new positions that quarter. Held by Vanguard Group, Arrowstreet Capital, Two Sigma, among others. On the short side, 7.2M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FRO's share count grew 11.9% over the past five years. It pays a dividend, and has for 4 years running. Cash returned over the past three years: $1.59B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.