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

Geode Capital Management LLC lowered its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,652,096 shares of the shipping company’s stock after selling 5,126 shares during the quarter. Geode Capital Management LLC owned approximately 1.02% of DHT worth $18,223,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DHT. Bank of New York Mellon Corp lifted its position in DHT by 12.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 466,751 shares of the shipping company’s stock valued at $5,400,000 after purchasing an additional 51,522 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of DHT during the second quarter worth approximately $376,000. Principal Financial Group Inc. lifted its holdings in DHT by 8.6% in the second quarter. Principal Financial Group Inc. now owns 81,471 shares of the shipping company’s stock valued at $943,000 after buying an additional 6,454 shares during the period. Foundry Partners LLC bought a new position in DHT in the second quarter valued at approximately $506,000. Finally, Gentry Private Wealth LLC acquired a new stake in DHT during the 2nd quarter worth $386,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analysts Set New Price Targets

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

DHT Price Performance

Shares of NYSE DHT opened at $9.24 on Friday. The company has a fifty day moving average price of $9.92 and a 200 day moving average price of $10.75. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The firm has a market cap of $1.49 billion, a PE ratio of 9.24 and a beta of -0.37. 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 announced its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. DHT’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS. Research analysts predict that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.52%. DHT’s dividend 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.