Voloridge Investment Management 13F: Adds $41M to FRO Stake

Voloridge Grows Frontline plc Stake

Voloridge Investment Management significantly expanded its investment in Frontline plc NYSE: FRO, according to its Form 13F filing filed with the Securities and Exchange Commission for the period ended May 15, 2026. The fund bought an additional 1,067,154 shares during the period. That move marked a 148.5% increase from its prior holding, bringing its total stake to 1,785,579 shares. The reported value of the position stood at roughly $68.7 million.

Frontline plc Shares and Market Valuation

Frontline shares trade around $38.47. The company sports a price-to-earnings ratio of 7.5, reflecting its recent earnings power with an earnings per share of $6.67. Its forward price-to-earnings ratio sits at 10.9. The stock has traded between a 52-week low of $20.47 and a high of $54.91. Its 50-day moving average is $42.58, while its 200-day moving average rests at $34.89.

Recent Earnings Performance

Frontline pulled in annual revenue of $2.71 billion with a strong revenue growth rate of 96.5%. The shipping firm posted a net margin of 54.8% and a return on equity of 53.9%. Investors can look ahead to the company's next earnings report, which is scheduled for release on November 30, 2026.

Dividend Payments

Frontline pays an annual dividend rate of $5.38 per share, which translates to a dividend yield of 10.46%. The company funds this payout using a dividend payout ratio of 46.9%, balancing returns to shareholders with ongoing capital needs.

Analysts Set New Price Targets

Wall Street firms continue tracking the tanker company closely. On September 18, 2026, BTIG maintained its buy rating on the stock while raising its price target to $70.00 from $55.00. Earlier, on August 31, 2026, Evercore ISI Group maintained its in-line rating while bumping its price target up to $41.00 from $37.00. BTIG also maintained a buy rating earlier in the summer on June 24, 2026, with a $55.00 target. The stock currently holds a consensus buy recommendation from analysts, with a mean price target of $50.75.

Inside Frontline plc Operations

Frontline plc operates out of Limassol, Cyprus, managing a fleet of oil and product tankers around the globe. The company runs very large crude carriers, Suezmax tankers, and LR2/Aframax tankers, moving crude and refined products across international waters. Founded in 1985, the firm functions as a key player in the oil and gas midstream shipping sector.

What to Watch at Frontline plc

Institutional filings such as this one provide a backward-looking view of portfolio changes and may not reflect Voloridge's current holdings today. Market participants will monitor upcoming SEC filings from the fund and keep an eye on Frontline's next earnings report on November 30, 2026, to gauge how shifting tanker rates impact the company's profitability and dividend payouts.