Prudential Financial Inc. reduced its position in Delek US Holdings Inc. (NYSE:DK) by 20.8% during the second quarter, Holdings Channel reports. The institutional investor owned 482,474 shares of the company’s stock after selling 126,400 shares during the period. Prudential Financial Inc. owned about 0.78% of Delek US Holdings worth $6,373,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Delek US Holdings by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,201,005 shares of the company’s stock worth $68,705,000 after buying an additional 89,221 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Delek US Holdings during the second quarter valued at about $36,729,000. Victory Capital Management Inc. raised its position in shares of Delek US Holdings by 10.9% in the second quarter. Victory Capital Management Inc. now owns 1,925,259 shares of the company’s stock valued at $25,433,000 after buying an additional 188,800 shares during the period. JPMorgan Chase & Co. raised its position in shares of Delek US Holdings by 88.3% in the first quarter. JPMorgan Chase & Co. now owns 1,610,152 shares of the company’s stock valued at $24,539,000 after buying an additional 755,054 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Delek US Holdings by 7.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,505,368 shares of the company’s stock valued at $22,942,000 after buying an additional 105,472 shares during the period. 92.18% of the stock is currently owned by institutional investors.
Delek US Holdings Inc. (NYSE:DK) opened at 17.84 on Tuesday. Delek US Holdings Inc. has a 12 month low of $11.41 and a 12 month high of $29.90. The company’s 50-day moving average price is $17.47 and its 200 day moving average price is $14.91. The firm’s market capitalization is $1.10 billion.
Delek US Holdings (NYSE:DK) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates 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 announced a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Friday, August 19th. Delek US Holdings’s payout ratio is -75.00%.
A number of equities research analysts recently commented on the company. Wells Fargo & Co. reiterated a “buy” rating on shares of Delek US Holdings in a report on Saturday, July 9th. Barclays PLC reiterated an “equal weight” rating and issued a $19.00 price objective (up previously from $16.00) on shares of Delek US Holdings in a report on Monday. Credit Suisse Group AG downgraded Delek US Holdings from an “outperform” rating to a “neutral” rating in a report on Tuesday. Vetr downgraded Delek US Holdings from a “hold” rating to a “sell” rating and set a $14.25 price objective for the company. in a report on Tuesday, August 9th. Finally, Piper Jaffray Cos. upped their price objective on Delek US Holdings from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Delek US Holdings presently has an average rating of “Hold” and an average target price of $19.74.
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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