Boston, MA 07/05/2013 (wallstreetpr) – Tenaris S.A. (ADR) (NYSE:TS) is a Luxembourg-based company engaged in steel pipe manufacturing and distributing businesses. The company produces offshore and onshore line pipes, drill pipes, sucker rods, down hole drill motors, pipe accessories, etc. and provides various services for its products.
For the last 180-day time period, Tenaris S.A. (ADR) (NYSE:TS) has seen zero unique insider buying and zero insider sales. Tenaris paid the US Department of Justice about US$8.9 million for a deferred prosecution agreement with the Securities & Exchange Commission on 17 May 2011.
Tenaris S.A.’s (ADR)(NYSE:TS) production capacity is 3.3 million tons of seamless annually, and welded pipesof2.8 million tons, with annual consolidated net sales in excess of US$ 12.1 billion (2008). In April 2008, the business of pressure control was sold to GE Oil and Gas.The company’s share price is 43.23 with an average volume of 986,605.00.
Tenaris S.A. (ADR) (NYSE:TS) announced a dividend payment for 2012 amounting to USD 507,600,000, equal to USD 0.43/share, including the dividend already paid on 22nd November 2012 in the amount of USD 153,000,000 at the value of USD 0.13 per share.Citadel Investment Group, managed by Ken Griffin, holds the largest position in Tenaris S.A. (ADR) (NYSE:TS), having a $1.7 million position in the stock, comprising less than 0.1%% of its 13F portfolio.
The projects segment includes the operations that comprise the production and selling of the welded steel pipe products,mainly used for the construction of the major pipeline projects.The tubes segment comprises the production and selling of both seamless and welded steel tubular products and also the related services, which are mostly focused on energy and industrial applications.The company operates in Canada, the United States, Argentina, Mexico, Brazil, Chile, Colombia, Uruguay, Italy, Luxembourg, Japan, and Indonesia among others.
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