Swiss National Bank lowered its stake in Delek US Holdings Inc. (NYSE:DK) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 82,400 shares of the company’s stock after selling 4,700 shares during the period. Swiss National Bank owned approximately 0.13% of Delek US Holdings worth $1,089,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Delek US Holdings by 81.4% in the first quarter. BlackRock Inc. now owns 7,420 shares of the company’s stock valued at $113,000 after buying an additional 3,329 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Delek US Holdings during the first quarter valued at approximately $164,000. First Midwest Bank Trust Division acquired a new position in Delek US Holdings during the second quarter valued at approximately $176,000. Foundry Partners LLC acquired a new position in Delek US Holdings during the second quarter valued at approximately $217,000. Finally, Canada Pension Plan Investment Board raised its position in Delek US Holdings by 275.6% in the first quarter. Canada Pension Plan Investment Board now owns 15,400 shares of the company’s stock valued at $235,000 after buying an additional 11,300 shares during the last quarter. 92.18% of the stock is currently owned by institutional investors.
Shares of Delek US Holdings Inc. (NYSE:DK) traded down 1.56% during midday trading on Monday, hitting $17.02. The company had a trading volume of 620,339 shares. The firm’s 50-day moving average is $17.33 and its 200-day moving average is $14.83. Delek US Holdings Inc. has a 12-month low of $11.41 and a 12-month high of $29.90. The firm’s market capitalization is $1.05 billion.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. On average, analysts predict that Delek US Holdings Inc. will post ($1.40) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, August 19th. Delek US Holdings’s dividend payout ratio is -75.00%.
DK has been the topic of several research reports. Citigroup Inc. initiated coverage on shares of Delek US Holdings in a report on Wednesday, September 14th. They issued a “buy” rating and a $23.00 price target on the stock. Scotiabank restated a “sector perform” rating and issued a $18.00 price target (up previously from $15.00) on shares of Delek US Holdings in a report on Tuesday, August 30th. Credit Suisse Group AG restated an “outperform” rating on shares of Delek US Holdings in a report on Sunday, September 4th. Piper Jaffray Cos. raised their price target on shares of Delek US Holdings from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, September 16th. Finally, Morgan Stanley restated a “hold” rating and issued a $15.00 price target on shares of Delek US Holdings in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the stock. Delek US Holdings has an average rating of “Hold” and an average price target of $19.57.
Delek US Holdings Company Profile
Delek US Holdings, Inc is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).
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