Boston Advisors LLC bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 137,880 shares of the oil and gas company’s stock, valued at approximately $3,646,000. Boston Advisors LLC owned about 0.22% of Delek US Holdings at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Delek US Holdings during the fourth quarter worth about $20,978,000. Strs Ohio acquired a new stake in shares of Delek US Holdings during the first quarter worth about $737,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Delek US Holdings during the first quarter worth about $11,164,000. Clinton Group Inc. acquired a new stake in shares of Delek US Holdings during the first quarter worth about $230,000. Finally, Bank of Montreal Can increased its stake in shares of Delek US Holdings by 42.2% in the first quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock worth $758,000 after buying an additional 9,266 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Shares of Delek US Holdings, Inc. (NYSE:DK) opened at 21.09 on Friday. Delek US Holdings, Inc. has a 52 week low of $14.76 and a 52 week high of $27.85. The stock’s market cap is $1.31 billion. The stock’s 50 day moving average price is $25.18 and its 200 day moving average price is $24.49.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.37. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $944.29 million. During the same quarter in the prior year, the business earned ($0.08) EPS. Delek US Holdings’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Delek US Holdings, Inc. will post ($0.20) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.84%. Delek US Holdings’s dividend payout ratio is presently -25.86%.
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A number of analysts have recently commented on DK shares. Citigroup Inc. reiterated a “buy” rating and set a $29.00 target price (down previously from $32.00) on shares of Delek US Holdings in a research report on Saturday, April 22nd. Barclays PLC reiterated an “equal weight” rating and set a $28.00 target price on shares of Delek US Holdings in a research report on Wednesday, July 5th. ValuEngine upgraded Delek US Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) upgraded Delek US Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $30.00 in a research report on Tuesday, May 16th. Finally, Zacks Investment Research upgraded Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.07.
In related news, Director Charles H. Leonard sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the completion of the sale, the director now directly owns 23,035 shares in the company, valued at $509,073.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jared Serff sold 1,136 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $26.80, for a total transaction of $30,444.80. Following the sale, the insider now owns 13,683 shares of the company’s stock, valued at $366,704.40. The disclosure for this sale can be found here. Insiders have sold 240,845 shares of company stock worth $6,127,346 in the last quarter. Company insiders own 1.42% of the company’s stock.
Delek US Holdings Company Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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