Shell Asset Management Co. Invests $3.32 Million in DHT Holdings, Inc. (NYSE:DHT)

Shell Asset Management Co. bought a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 357,306 shares of the shipping company's stock, valued at approximately $3,319,000. Shell Asset Management Co. owned 0.22% of DHT as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in 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 last quarter. Raymond James Financial Inc. purchased a new stake in shares of DHT during the 4th quarter worth approximately $4,148,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of DHT during the 4th quarter worth approximately $1,387,000. Victory Capital Management Inc. increased its stake in shares of DHT by 1,367.3% during the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after purchasing an additional 469,528 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of DHT by 51.5% during the 4th quarter. Intech Investment Management LLC now owns 83,886 shares of the shipping company's stock worth $779,000 after purchasing an additional 28,498 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DHT shares. Evercore ISI lowered their price target on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, DHT presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.94.

DHT Price Performance

Shares of NYSE:DHT traded down $0.17 during midday trading on Thursday, reaching $11.39. 484,056 shares of the company were exchanged, compared to its average volume of 1,901,428. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.32. 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's fifty day moving average is $10.66 and its two-hundred day moving average is $10.42. The stock has a market cap of $1.83 billion, a PE ratio of 10.17 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The company had revenue of $79.34 million for the quarter, compared to the consensus estimate of $84.00 million. DHT had a net margin of 31.72% and a return on equity of 17.42%. The firm's revenue was down 25.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS. As a group, analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Dividend Announcement

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

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.