DHT (DHT)
Owns and operates VLCC tankers for crude oil shipping on international routes.
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Owns and operates VLCC tankers that move crude oil on international routes, earning freight through spot voyages and time charters. An integrated management network oversees the vessels, while the single-class fleet concentrates results on crude-shipping demand, voyage distances, vessel supply, and charter rates.
Transports crude oil worldwide with an owned fleet devoted to very large crude carriers, or VLCCs. Revenue comes mainly from single-voyage spot charters and fixed-period time charters, supplemented by technical-management services. Subsidiary teams in Monaco, Norway, Singapore, and India run the fleet, with a wholly owned technical manager overseeing crewing, maintenance, inspections, and compliance.
Execution centers on vessel upkeep and fleet renewal, pairing sales of older ships with deliveries of more fuel-efficient newbuilds. A mix of spot employment and contracted charters combines market-rate exposure with periods of fixed income.
Results depend on crude-transport demand, voyage distances, vessel supply, bunker costs, and volatile charter rates. Operations also rely on ship financing and compliance with flag-state, classification, safety, sanctions, and environmental rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | BTIG | Reiterate | Rating: —Target: $18 | Target: $28 |
| Apr 22, 2026 | Evercore ISI Group | Downgrade | ||
| Feb 4, 2026 | BTIG | Reiterate | Rating: —Target: $16 | Target: $18 |
| Oct 28, 2025 | Evercore ISI | Target | Target: $13 | Target: $15 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $161.7M · Total debt $434.8M · Total assets $1.81B · Shareholders' equity $1.33B
- Revenue
- $285.0M
- Operating income
- $203.2M
- Net income
- $198.3M
HistoryDividendAnnual yield
| Institutions | 79.74% | 128.23M ADS | |
|---|---|---|---|
| 328 holders · as of Jun 30, 2026 | |||
| Insiders | 1.47% | 2.37M ADS | |
| 9 holders · as of Sep 17, 2026 | |||
| Strategic holders | 5.76% | 9.26M ADS | |
| 1 holder · as of Mar 12, 2026 | |||
| Other | 13.03% | 20.94M ADS | |
| remainder | |||
160.80M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 15.02% | 24.16M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.54% | 10.52M ADS | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.24% | 10.03M ADS | as of Jun 30, 2026 |
BW Group LimitedStrategic | 5.76% | 9.26M | filed Mar 12, 2026 |
Dme Capital Management, LPInstitution | 3.13% | 5.03M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Erik Lind | director | −30,000 | $22.46 |
| Sep 4, 2026 | Jon Stephen Eglin | officer: Chartering & Operations | −25,000 | $21.00 |
| Aug 21, 2026 | Jon Stephen Eglin | officer: Chartering & Operations | −25,000 | $20.35 |
| Aug 21, 2026 | Sophie Rossini | director | −33,000 | $20.04 |
| Aug 21, 2026 | Svenn Magne Edvardsen | officer: Technical Director | −341,007 | $20.29 |
- Frontline
Larger VLCC owner competing for crude-tanker charters
- International Seaways
Public tanker peer across VLCC and broader tanker classes
- Okeanis Eco Tankers (ADR)
Modern VLCC/Suezmax fleet overlaps directly in crude shipping
- CMB.TECH (ADR)
Diversified maritime group retaining crude-tanker exposure
- Tsakos Energy Navigation
Diversified tanker operator with VLCC and Suezmax overlap
- Teekay Tankers
Crude-tanker peer with Suezmax, Aframax/LR2, and one VLCC
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DHT | $21.64 | −3.61% | $3.62B | 7.6 | 6.4 | 5.0 | +174.7% |
| Frontline | $48.23 | −3.17% | $11.09B | 7.5 | 6.2 | 4.1 | +166.2% |
| International Seaways | $105.03 | −3.74% | $5.40B | 7.0 | 8.7 | 4.3 | +121.9% |
| Okeanis Eco Tankers (ADR) | $78.23 | −5.32% | $2.70B | 7.7 | 6.1 | 3.8 | +185.4% |
| CMB.TECH (ADR) | $19.51 | −0.76% | $5.70B | 6.8 | 8.5 | 2.5 | +78.0% |
| Tsakos Energy Navigation | $49.27 | −3.24% | $1.53B | 5.2 | 6.0 | 1.6 | +27.4% |
| Teekay Tankers | $95.97 | −2.83% | $3.42B | 5.8 | 6.3 | 3.0 | +10.9% |
| Median | 6.9 | 6.2 | 3.4 | +100.0% |