Summary
Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
During the Iran war, the market's most reliable winners haven't been extractors or refiners. Instead, it's the companies that own the tankers setting the market pace, especially those operating Very Large Crude Carriers (VLCCs).
DHT Holdings: The Market Is Pricing In Enough Risks Already
DHT Holdings remains a buy as valuation is attractive after a recent pullback, with shares trading at 8.33x EPS versus an 11.81x average and dividend yielding at almost 15%. DHT's Q1 2026 revenue surged 57.3% YoY, driven by geopolitical tensions, higher spot exposure, and robust VLCC spot rates. Prudent fleet management, balanced spot/time charter exposure, and ongoing fleet modernization underpin DHT's resilience amid oil market volatility.
DHT: The Strait Of Hormuz Is Open, VLCC Tanker Rates Set To Soar (Upgrade)
DHT Holdings is upgraded to a strong buy, driven by robust Q1 results, strong Q2 guidance, and anticipated VLCC rate increases. DHT's charter coverage provides stability but limits upside; current strategy maintains around 50% of the fleet chartered out, with no plans to expand coverage. The company boasts a strong balance sheet, $126 million cash, $505 million debt, and refinanced credit facility, supporting 100% net income dividend payouts.
DHT Holdings Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 354 | $4,020.6 | $6,163.14 | $2,142.54 | 53.29% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 12,441 | $177,658.05 | $216,597.81 | $38,939.76 | 21.92% |
 David Einhorn Greenlight Capital Re Ltd. | 3.78M | $38.07M | $65.81M | $27.73M | 72.85% |
| BG Bart Gancher Intech Investment Management LLC | 34,410 | $335,721.26 | $599,078.1 | $263,356.84 | 78.45% |
 Point72 Asset Management LP Point72 Asset Management LP | 802,925 | $13.32M | $13.98M | $657,252.41 | 4.93% |
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DHT Holdings Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Svein Moxnes Harfjeld CEO | NYSE Exchange | Y2065G121 CUSIP |
| BM Country | 737 Employees | 21 May 2026 Last Dividend | 17 Jul 2012 Last Split | 13 Oct 2005 IPO Date |
Overview
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.
Products and Services
- Crude Oil Tankers Operation
- Technical Management Services
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.
