TIAA CREF Investment Management LLC boosted its stake in Delek US Holdings, Inc. (NYSE:DK) by 0.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,893,620 shares of the oil and gas company’s stock after acquiring an additional 7,330 shares during the period. TIAA CREF Investment Management LLC’s holdings in Delek US were worth $66,163,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of DK. Quantbot Technologies LP acquired a new position in Delek US in the 3rd quarter valued at $114,000. Meeder Asset Management Inc. raised its holdings in Delek US by 194.4% in the 4th quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock valued at $115,000 after acquiring an additional 2,170 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Delek US by 51.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after acquiring an additional 2,412 shares during the last quarter. ETRADE Capital Management LLC acquired a new position in Delek US in the 3rd quarter valued at $215,000. Finally, Aperio Group LLC acquired a new position in Delek US in the 3rd quarter valued at $236,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director David Wiessman sold 200,000 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $37.30, for a total transaction of $7,460,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony L. Miller sold 1,118 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $36.87, for a total value of $41,220.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 270,109 shares of company stock valued at $10,022,256. Insiders own 1.61% of the company’s stock.
Shares of DK stock opened at $38.46 on Wednesday. The company has a market capitalization of $3,193.96, a price-to-earnings ratio of 11.25, a PEG ratio of 1.57 and a beta of 1.63. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. Delek US Holdings, Inc. has a twelve month low of $20.65 and a twelve month high of $39.43.
Delek US (NYSE:DK) last released its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.10 billion. Delek US had a return on equity of 5.99% and a net margin of 3.99%. The business’s revenue for the quarter was up 129.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.44) EPS. research analysts predict that Delek US Holdings, Inc. will post 2.42 earnings per share for the current year.
Delek US announced that its Board of Directors has initiated a stock repurchase plan on Monday, February 26th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 12th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Delek US’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 9th. Delek US’s dividend payout ratio is presently 23.39%.
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About Delek US
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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