DHT Holdings remains the cheapest US-listed VLCC pure play, offering significant upside despite its conservative chartering strategy. Over half the fleet is chartered out at strong rates, but current spot rates far exceed long-term charter earnings, limiting immediate upside capture. Q3 EPS is expected around $1.25 with a 20% annualized yield; Q4 could see EPS of $3 if rates persist, implying a 12% quarterly dividend.
Harley-Davidson (HOG), Dorchester Minerals (DMLP), and DHT Holdings (DHT) are highlighted as top portfolio picks amid September and midterm election volatility. HOG benefits from strong institutional accumulation, consecutive earnings beats, rising EPS, and aggressive buybacks, though outperformance may moderate after a 48% six-month gain. DMLP leverages CFO insider buying, robust YTD returns, and dollar weakness, with high dividends and accumulation supporting its defensive appeal in volatile markets.
DHT Holdings operates a young, efficient VLCC fleet with a highly competitive cost structure and minimal leverage, supporting robust dividend payouts. DHT's contracted time charters cover all forecasted costs, enabling spot market earnings to flow directly to shareholders, evidenced by a 91% adjusted EBITDA margin and 66 consecutive dividends. The company's forward P/E of 5.44x and EV/EBITDA of 4.81x represent steep discounts to sector medians, despite a strong balance sheet and disciplined capital management.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Svein Moxnes Harfjeld CEO | XDUS Exchange | MHY2065G1219 ISIN |
| BM Country | 737 Employees | 17 Aug 2026 Last Dividend | 17 Jul 2012 Last Split | 13 Oct 2005 IPO Date |
DHT Holdings, Inc. is a distinguished company engaged in the ownership and operation of crude oil tankers, with its operations spread across Monaco, Singapore, and Norway. Incorporated in 2005 and having its headquarters in Hamilton, Bermuda, the company has established itself as a key player in the maritime transportation industry. As of March 15, 2024, DHT Holdings has considerably expanded its fleet to include 24 very large crude carriers (VLCCs), positioning itself as a significant entity in the global crude oil market.
At the core of DHT Holdings, Inc.'s services is the operation of a fleet of 24 very large crude carriers. These massive vessels are designed for the primary purpose of transporting crude oil across international waters. DHT Holdings ensures that these operations are conducted with the highest standards of safety, reliability, and efficiency, catering to the global demand for crude oil transportation.
Alongside its primary operation of crude oil tankers, DHT Holdings, Inc. also offers technical management services. These services are crucial for the maintenance of high operational standards, ensuring that each vessel's technical aspects are managed efficiently. This includes routine maintenance, repair, and compliance with international maritime safety and environmental regulations, further reinforcing the company's commitment to quality and safety in its operations.