Back to news

DHT gains as business update points to strong fleet earnings and sharply higher Q4 spot bookings

Investivoq PriceTracker

DHT Holdings, Inc. (DHT) is up 4.7% today. Here is some analysis on what might have caused this price movement. ([dhtankers.com](https://www.dhtankers.com/dht-holdings-inc-business-update-19/))

Analysis: The most likely catalyst is DHT’s October 12, 2026 business update, which outlined strong estimated third-quarter fleet earnings and an especially bullish start to the fourth quarter. Investors appear to be reacting to the company locking in roughly half of its available fourth-quarter spot days at an average of $509,100 per day, a level far above its estimated third-quarter spot earnings. ([dhtankers.com](https://www.dhtankers.com/dht-holdings-inc-business-update-19/))

Details:

  • DHT said estimated third-quarter 2026 fleet TCE earnings were $141,300 per day, including $167,100 per day for VLCCs operating in the spot market. ([dhtankers.com](https://www.dhtankers.com/dht-holdings-inc-business-update-19/))
  • The update also said about 50% of available fourth-quarter spot days had already been booked at an average of $509,100 per day on a discharge-to-discharge basis, signaling a sharp step-up in near-term revenue potential. ([dhtankers.com](https://www.dhtankers.com/dht-holdings-inc-business-update-19/))
  • DHT added that about 78% of total available fourth-quarter revenue days, including spot and time-charter exposure, were estimated at an average of $225,200 per day. ([dhtankers.com](https://www.dhtankers.com/dht-holdings-inc-business-update-19/))
  • The broader tanker backdrop has been supportive as VLCC rates strengthened amid tight vessel supply and shipping disruptions, which helps explain why DHT’s forward bookings drew a positive market response. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/shipping/090426-americas-vlcc-rates-spike-to-record-highs-on-bullish-fundamentals?utm_source=openai))
  • Sources:

    DHT, SEC, S&P Global

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $DHT Insider Trading Activity

    DHT Insider Trades

    $DHT insiders have traded $DHT stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

    Here’s a breakdown of recent trading of $DHT stock by insiders over the last 6 months:

    • SVENN MAGNE EDVARDSEN (Technical Director) sold 341,007 shares for an estimated $6,919,032
    • JON STEPHEN EGLIN (Chartering & Operations) has made 0 purchases and 3 sales selling 100,000 shares for an estimated $2,033,250.
    • LAILA CECILIE HALVORSEN (Chief Financial Officer) sold 50,000 shares for an estimated $1,000,000
    • ERIK LIND sold 30,000 shares for an estimated $673,800
    • SOPHIE ROSSINI sold 33,000 shares for an estimated $661,320
    • JEREMY KRAMER sold 29,796 shares for an estimated $555,695

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

    Investivoq Alerts
    Receive DHT Data Alerts
    Get market-moving data, filings, and signals for DHT in real time.
    Sign Up

    $DHT Hedge Fund Activity

    We have seen 172 institutional investors add shares of $DHT stock to their portfolio, and 131 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • MILLENNIUM MANAGEMENT LLC removed 2,556,140 shares (-64.9%) from their portfolio in Q2 2026, for an estimated $42,252,994
    • BLACKROCK, INC. added 1,889,590 shares (+21.9%) to their portfolio in Q2 2026, for an estimated $31,234,922
    • TWO SIGMA INVESTMENTS, LP added 1,643,345 shares (+162.3%) to their portfolio in Q2 2026, for an estimated $27,164,492
    • MARSHALL WACE, LLP removed 1,432,113 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $23,672,827
    • AMERICAN CENTURY COMPANIES INC added 1,431,063 shares (+46.5%) to their portfolio in Q2 2026, for an estimated $23,655,471
    • HRT FINANCIAL LP removed 1,234,587 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $20,407,723
    • BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 1,162,679 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $19,219,083

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $DHT Price Targets

    Multiple analysts have issued price targets for $DHT recently. We have seen 2 analysts offer price targets for $DHT in the last 6 months, with a median target of $21.0.

    Here are some recent targets:

    • Gregory Lewis from BTIG set a target price of $23.0 on 04/22/2026
    • Jonathan Chappell from Evercore ISI Group set a target price of $19.0 on 04/22/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.