tiprankstipranks
Trending News
More News >

Citigroup Ceases to be Substantial Holder in Karoon Energy

Story Highlights
Citigroup Ceases to be Substantial Holder in Karoon Energy

Don’t Miss TipRanks’ Half Year Sale

Karoon Energy Ltd ( (AU:KAR) ) has shared an update.

Karoon Energy Ltd has announced that Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in the company as of May 27, 2025. This change in substantial holding is due to a decrease in relevant interests held by Citibank, N.A. Sydney Branch, Citigroup Global Markets Australia Pty Limited, and Citigroup Global Markets Limited, primarily through securities lending agreements. The impact of this announcement may affect the company’s shareholder composition and could influence market perceptions of Karoon Energy’s stock.

The most recent analyst rating on (AU:KAR) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.

More about Karoon Energy Ltd

Average Trading Volume: 5,212,153

Technical Sentiment Signal: Buy

Current Market Cap: A$1.21B

Find detailed analytics on KAR stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1