Frontline Falls as Shares Trade Ex-Dividend After Large Cash Payout

Frontline plc (FRO) is down 5.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a technical ex-dividend adjustment rather than a negative operating surprise. Frontline’s New York-listed shares traded ex-dividend on September 18, 2026 for a combined $3.41 per share payout, which naturally reduces the stock price by roughly the amount of the cash distribution.

Details:

Frontline declared a regular second-quarter 2026 cash dividend of $2.61 per share after reporting record quarterly profit and strong tanker earnings.

The company later added a special one-time dividend of $0.80 per share following the sale of two VLCCs, bringing the total payout tied to this ex-dividend date to $3.41 per share.

Frontline stated that September 18, 2026 would be the ex-dividend date for its NYSE-listed shares, with payment scheduled for around September 28, 2026.

Today’s share-price decline is smaller than the total declared payout, which supports the view that much of the move reflects dividend mechanics instead of a fresh deterioration in the business.

Sources:

Frontline plc, SEC, OpenAI Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FRO Hedge Fund Activity

We have seen 147 institutional investors add shares of $FRO stock to their portfolio, and 132 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 5,954,717 shares (+631.6%) to their portfolio in Q2 2026, for an estimated $207,164,604
JPMORGAN CHASE & CO added 3,137,097 shares (+inf%) to their portfolio in Q2 2026, for an estimated $109,139,604
KEYSTONE INVESTORS PTE LTD added 1,873,983 shares (+inf%) to their portfolio in Q2 2026, for an estimated $65,195,868
BALYASNY ASSET MANAGEMENT L.P. removed 1,396,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $48,664,560
ACADIAN ASSET MANAGEMENT LLC added 1,086,203 shares (+110.7%) to their portfolio in Q2 2026, for an estimated $37,789,002
VOLORIDGE INVESTMENT MANAGEMENT, LLC added 1,067,154 shares (+148.5%) to their portfolio in Q1 2026, for an estimated $37,200,988
CITADEL ADVISORS LLC removed 985,409 shares (-46.6%) from their portfolio in Q1 2026, for an estimated $34,351,357

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FRO Government Contracts

We have seen $29,063,860 of award payments to $FRO over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

BASOPS O&M: $20,513,411
THE CONTRACTOR SHALL PROVIDE ALL DESIGN, LABOR, TOOLS, EQUIPMENT, AND MATERIALS TO PREPARE THE SITES FOR OF...: $549,398
AIR BASE DORMITORY FACILITY MAINTENANCE SERVICES: $394,044

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$FRO Price Targets

Multiple analysts have issued price targets for $FRO recently. We have seen 2 analysts offer price targets for $FRO in the last 6 months, with a median target of $46.5.

Here are some recent targets:

Gregory Lewis from BTIG set a target price of $55.0 on 06/24/2026
Jonathan Chappell from Evercore ISI Group set a target price of $38.0 on 04/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.