Oppenheimer & Co. Inc. Acquires Shares of 46,777 DHT Holdings, Inc. (NYSE:DHT)

Oppenheimer & Co. Inc. purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 46,777 shares of the shipping company’s stock, valued at approximately $435,000.

A number of other hedge funds have also made changes to their positions in the stock. Wasatch Advisors LP bought a new stake in DHT in the 3rd quarter valued at $55,472,000. FMR LLC grew its position in DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock worth $266,849,000 after acquiring an additional 2,195,916 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of DHT during the fourth quarter worth $2,835,000. Two Sigma Advisers LP increased its position in DHT by 15.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company’s stock valued at $23,194,000 after acquiring an additional 284,900 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in DHT in the 3rd quarter valued at $2,611,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DHT has been the subject of several recent analyst reports. Jefferies Financial Group increased their price target on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research note on Thursday, December 12th. Finally, StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and an average target price of $12.68.

DHT Stock Performance

Shares of DHT stock opened at $10.77 on Friday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 9.61 and a beta of -0.38. 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 50-day moving average price is $10.69 and its 200-day moving average price is $10.55. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.32%. The ex-dividend date was Tuesday, February 18th. DHT’s dividend payout ratio is currently 60.71%.

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.