Alpha Windward LLC bought a new position in shares of Delek US Holdings Inc (NYSE:DK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,800 shares of the oil and gas company’s stock, valued at approximately $458,000.
Other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in shares of Delek US during the 2nd quarter valued at $105,000. Envestnet Asset Management Inc. grew its position in Delek US by 1,712.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,338 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 2,209 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new position in Delek US in the second quarter worth $162,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Delek US in the second quarter worth $183,000. Finally, Hartford Investment Management Co. purchased a new position in Delek US in the second quarter worth $214,000. 96.94% of the stock is currently owned by hedge funds and other institutional investors.
DK has been the subject of several research reports. ValuEngine raised shares of Delek US from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Morgan Stanley boosted their price target on shares of Delek US from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, July 16th. Raymond James lowered their price objective on shares of Delek US from $70.00 to $60.00 and set a “strong-buy” rating for the company in a research note on Monday, September 24th. Goldman Sachs Group downgraded shares of Delek US from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, Citigroup lowered their price objective on shares of Delek US from $59.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.53.
In other news, Director David Wiessman sold 60,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $54.10, for a total transaction of $3,246,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
DK traded up $0.21 during midday trading on Friday, reaching $38.95. The company’s stock had a trading volume of 1,919,466 shares, compared to its average volume of 1,660,685. The stock has a market cap of $3.31 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.37. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.96 and a current ratio of 1.36. Delek US Holdings Inc has a 1 year low of $27.08 and a 1 year high of $61.57.
Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $2.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.08 by ($0.06). Delek US had a return on equity of 18.06% and a net margin of 4.40%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Equities research analysts predict that Delek US Holdings Inc will post 4.18 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.26 per share. This is a boost from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, November 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.67%. Delek US’s dividend payout ratio is presently 79.37%.
About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
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