Tenaris completed a USD600 million share buyback, acquiring 33 million shares, representing 3.08% of total capital.
Quiver AI Summary
Tenaris S.A. has completed the first USD600 million tranche of its USD1.2 billion Share Buyback Program, initially announced on June 6, 2025. This first tranche, conducted from June 9 to September 30, 2025, involved the purchase of 33,059,955 ordinary shares, amounting to 3.08% of the company's total issued share capital, for a total cost of approximately €516.6 million or USD600 million. The shares acquired are currently held in treasury, with plans to cancel them in the future. The company emphasized that some statements in the press release are forward-looking and subject to risks, particularly related to fluctuations in oil and gas prices.
Potential Positives
- Completion of the first USD600 million tranche of a USD1.2 billion Share Buyback Program, demonstrating financial strength and commitment to returning value to shareholders.
- Acquisition of 33,059,955 ordinary shares, representing 3.08% of total issued share capital, which may positively influence stock price and market perception.
- Intention to cancel all treasury shares purchased under the program, indicating a strategy to enhance shareholder value and improve earnings per share over time.
Potential Negatives
- Completion of the share buyback program may indicate a lack of investment opportunities for growth, potentially signaling that the company is prioritizing short-term shareholder returns over long-term strategic initiatives.
- Forward-looking statements emphasize inherent risks related to oil and gas price volatility, suggesting vulnerabilities in Tenaris's business model that could impact future performance.
FAQ
What is the total amount of Tenaris's Share Buyback Program?
Tenaris announced a USD1.2 billion Share Buyback Program on June 6, 2025.
How many shares did Tenaris buy in the first tranche?
During the first tranche, Tenaris purchased a total of 33,059,955 ordinary shares.
What percentage of total issued share capital did the bought shares represent?
The purchased shares represented 3.08% of Tenaris's total issued share capital.
When did the first tranche of the buyback program take place?
The first tranche ran from June 9, 2025, to September 30, 2025.
Where can I find more details about the Share Buyback Program?
More details are available on Tenaris's corporate website under the Share Buyback Program Section.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TS Hedge Fund Activity
We have seen 116 institutional investors add shares of $TS stock to their portfolio, and 109 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALUA CAPITAL MANAGEMENT LP removed 2,387,363 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $89,287,376
- CITADEL ADVISORS LLC removed 2,043,503 shares (-54.3%) from their portfolio in Q2 2025, for an estimated $76,427,012
- HOLOCENE ADVISORS, LP removed 1,199,061 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $44,844,881
- MEREWETHER INVESTMENT MANAGEMENT, LP removed 760,218 shares (-58.8%) from their portfolio in Q2 2025, for an estimated $28,432,153
- MORGAN STANLEY removed 712,550 shares (-38.9%) from their portfolio in Q2 2025, for an estimated $26,649,370
- SOURCEROCK GROUP LLC added 635,817 shares (+25.9%) to their portfolio in Q2 2025, for an estimated $23,779,555
- BNP PARIBAS FINANCIAL MARKETS removed 634,840 shares (-92.9%) from their portfolio in Q2 2025, for an estimated $23,743,016
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TS Analyst Ratings
Wall Street analysts have issued reports on $TS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 08/07/2025
- Morgan Stanley issued a "Underweight" rating on 05/16/2025
- Stifel issued a "Buy" rating on 04/15/2025
To track analyst ratings and price targets for $TS, check out Quiver Quantitative's $TS forecast page.
$TS Price Targets
Multiple analysts have issued price targets for $TS recently. We have seen 4 analysts offer price targets for $TS in the last 6 months, with a median target of $41.0.
Here are some recent targets:
- Derek Podhaizer from Piper Sandler set a target price of $41.0 on 09/17/2025
- David Anderson from Barclays set a target price of $46.0 on 08/07/2025
- Connor Lynagh from Morgan Stanley set a target price of $34.0 on 05/16/2025
- Stephen Gengaro from Stifel set a target price of $41.0 on 04/15/2025
Full Release
LUXEMBOURG, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today the completion of the first USD600 million tranche of its USD1.2 billion Share Buyback Program announced on June 6, 2025 (the “Program”).
During this first tranche, which ran from June 9, 2025, to (and including) September 30, 2025, the Company purchased a total of 33,059,955 ordinary shares, representing 3.08% of its total issued share capital, for a total consideration of €516,588,880, or approximately USD600 million.
As of September 30, 2025, the 33,059,955 ordinary shares that the Company bought in the first tranche of the Program are held in treasury.
Tenaris intends to cancel all treasury shares purchased under the Program in due course.
Details of the above transactions are available on Tenaris’s corporate website under the Share Buyback Program Section https://ir.tenaris.com/share-buyback-program .
Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.
Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com
