Shell Asset Management Co. Acquires New Holdings in DHT Holdings, Inc. (NYSE:DHT)

Shell Asset Management Co. acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 357,306 shares of the shipping company’s stock, valued at approximately $3,319,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its position in shares of DHT by 229.4% in the third quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock valued at $2,083,000 after acquiring an additional 131,551 shares during the period. Franklin Resources Inc. raised its stake in DHT by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock valued at $588,000 after purchasing an additional 4,000 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in DHT during the 4th quarter valued at $154,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in DHT by 41.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,666 shares of the shipping company’s stock valued at $136,000 after purchasing an additional 4,290 shares during the period. Finally, Blue Trust Inc. boosted its holdings in DHT by 56.3% in the 4th quarter. Blue Trust Inc. now owns 23,245 shares of the shipping company’s stock valued at $216,000 after purchasing an additional 8,374 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Stock Performance

Shares of NYSE:DHT opened at $11.77 on Friday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 10.50 and a beta of -0.06. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $10.58 and a two-hundred day moving average price of $10.39.

DHT (NYSE:DHT) last posted its earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The company had revenue of $79.34 million during the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The company’s revenue for the quarter was down 25.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. Equities analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 21st. This represents a dividend yield of 5.1%. DHT’s payout ratio is currently 54.55%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DHT. Evercore ISI decreased their price target on shares of DHT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and set a $15.00 price objective on shares of DHT in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.