DHT Holdings, Inc. $DHT Shares Purchased by Shell Asset Management Co.

Shell Asset Management Co. increased its holdings in DHT Holdings, Inc. (NYSE:DHT) by 33.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,258 shares of the shipping company’s stock after buying an additional 151,846 shares during the quarter. Shell Asset Management Co.’s holdings in DHT were worth $6,575,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of DHT by 81.5% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 1,073 shares in the last quarter. CWM LLC lifted its position in DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock worth $32,000 after purchasing an additional 2,116 shares during the period. Farther Finance Advisors LLC boosted its stake in DHT by 344.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,162 shares of the shipping company’s stock valued at $34,000 after purchasing an additional 2,450 shares in the last quarter. Harbour Investments Inc. increased its position in shares of DHT by 26.7% during the 1st quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company’s stock valued at $70,000 after purchasing an additional 1,400 shares during the period. Finally, Xponance Inc. bought a new stake in shares of DHT in the 1st quarter worth $106,000. Institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT opened at $11.61 on Tuesday. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $13.06. The company has a 50-day moving average of $11.83 and a two-hundred day moving average of $11.28. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 9.84 and a beta of 0.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $92.80 million for the quarter, compared to analyst estimates of $95.41 million. DHT had a net margin of 36.58% and a return on equity of 16.36%. The firm’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were issued a $0.24 dividend. The ex-dividend date was Monday, August 18th. This is an increase from DHT’s previous quarterly dividend of $0.17. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.3%. DHT’s dividend payout ratio is currently 81.36%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 target price on shares of DHT in a report on Thursday, August 7th. Zacks Research upgraded shares of DHT to a “hold” rating in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.94.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.