Geode Capital Management LLC Has $18.22 Million Stake in DHT Holdings, Inc. (NYSE:DHT)

Geode Capital Management LLC reduced its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,652,096 shares of the shipping company’s stock after selling 5,126 shares during the quarter. Geode Capital Management LLC’s holdings in DHT were worth $18,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its position in DHT by 229.4% during the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock worth $2,083,000 after buying an additional 131,551 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of DHT in the third quarter valued at about $1,373,000. Y Intercept Hong Kong Ltd increased its position in DHT by 10.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 67,293 shares of the shipping company’s stock worth $742,000 after acquiring an additional 6,150 shares during the period. EP Wealth Advisors LLC acquired a new stake in DHT in the 3rd quarter worth about $264,000. Finally, Wolverine Trading LLC acquired a new stake in DHT in the 3rd quarter worth about $236,000. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DHT. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research note on Friday, September 27th. BTIG Research started coverage on DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price for the company. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Stifel Nicolaus cut their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective on the stock. in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.54.

DHT Trading Down 0.9 %

Shares of DHT stock opened at $9.24 on Friday. The firm’s 50 day moving average is $9.92 and its 200 day moving average is $10.75. The firm has a market capitalization of $1.49 billion, a PE ratio of 9.24 and a beta of -0.37. 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 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last posted its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.58%. The firm had revenue of $92.64 million for the quarter, compared to analysts’ expectations of $87.51 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Equities research analysts forecast that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.52%. The ex-dividend date was Friday, November 22nd. DHT’s payout ratio is 88.00%.

DHT Profile

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.