DHT Holdings, Inc. (NYSE:DHT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 454,647 shares of the shipping company's stock after purchasing an additional 123,599 shares during the quarter. JPMorgan Chase & Co. owned about 0.28% of DHT worth $4,224,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. raised its position in DHT by 1,367.3% in the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after purchasing an additional 469,528 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of DHT by 13.1% in the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after buying an additional 468,281 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of DHT during the fourth quarter worth about $4,148,000. Empowered Funds LLC purchased a new position in shares of DHT during the fourth quarter worth about $2,835,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in DHT during the 4th quarter valued at approximately $1,387,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

DHT Trading Down 3.4 %

Shares of DHT stock traded down $0.35 during mid-day trading on Monday, hitting $10.07. 1,139,033 shares of the stock were exchanged, compared to its average volume of 1,874,922. 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 stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 8.99 and a beta of -0.06. The company has a 50-day simple moving average of $10.49 and a 200 day simple moving average of $10.42. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. 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 issued a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.75%. DHT's payout ratio is 60.71%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price objective on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, DHT has a consensus rating of "Moderate Buy" and an average price target of $12.68.

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.