Deprince Race & Zollo Inc. 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 Securities and Exchange Commission (SEC). The firm bought 2,780,369 shares of the company’s stock, valued at approximately $36,729,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DK. BlackRock Inc. raised its position in Delek US Holdings by 81.4% in the first quarter. BlackRock Inc. now owns 7,420 shares of the company’s stock worth $113,000 after buying an additional 3,329 shares during the last quarter. Bayesian Capital Management LP bought a new position in Delek US Holdings during the first quarter worth about $164,000. First Midwest Bank Trust Division bought a new position in Delek US Holdings during the second quarter worth about $176,000. Foundry Partners LLC bought a new position in Delek US Holdings during the second quarter worth about $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 worth $235,000 after buying an additional 11,300 shares during the last quarter. 92.18% of the stock is currently owned by institutional investors and hedge funds.
Delek US Holdings Inc. (NYSE:DK) traded down 1.39% during trading on Monday, reaching $17.05. The company had a trading volume of 834,673 shares. Delek US Holdings Inc. has a 12 month low of $11.41 and a 12 month high of $29.90. The stock has a 50 day moving average price of $17.35 and a 200 day moving average price of $14.84. The firm’s market capitalization is $1.05 billion.
Delek US Holdings (NYSE:DK) last issued 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, equities research analysts predict that Delek US Holdings Inc. will post ($1.40) earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, August 19th. Delek US Holdings’s dividend payout ratio (DPR) is presently -75.00%.
A number of research analysts have recently issued reports on the company. Vetr lowered Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 target price on the stock. in a report on Wednesday, August 3rd. Howard Weil upped their price objective on Delek US Holdings from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 30th. Wells Fargo & Co. lowered Delek US Holdings from an “outperform” rating to a “market perform” rating and set a $18.00 price objective on the stock. in a report on Wednesday, September 21st. Raymond James Financial Inc. upped their price objective on Delek US Holdings from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Thursday, September 15th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $17.00 price objective on shares of Delek US Holdings in a report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price 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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