BNP Paribas Arbitrage SA lifted its holdings in Delek US Holdings, Inc. (NYSE:DK) by 65.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,068 shares of the oil and gas company’s stock after purchasing an additional 5,966 shares during the period. BNP Paribas Arbitrage SA’s holdings in Delek US Holdings were worth $398,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Delek US Holdings by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 667,890 shares of the oil and gas company’s stock valued at $17,660,000 after purchasing an additional 29,361 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Delek US Holdings in the second quarter worth $245,000. Foundry Partners LLC increased its stake in shares of Delek US Holdings by 34.2% in the second quarter. Foundry Partners LLC now owns 11,775 shares of the oil and gas company’s stock worth $311,000 after acquiring an additional 3,000 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Delek US Holdings by 51.5% in the second quarter. Canada Pension Plan Investment Board now owns 242,900 shares of the oil and gas company’s stock worth $6,422,000 after acquiring an additional 82,600 shares during the period. Finally, Algert Global LLC increased its stake in shares of Delek US Holdings by 9.3% in the second quarter. Algert Global LLC now owns 86,444 shares of the oil and gas company’s stock worth $2,286,000 after acquiring an additional 7,385 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.
Delek US Holdings, Inc. (NYSE:DK) opened at 25.75 on Friday. Delek US Holdings, Inc. has a one year low of $14.76 and a one year high of $27.85. The stock has a 50 day moving average of $24.01 and a 200-day moving average of $24.75. The firm’s market capitalization is $1.60 billion.
Delek US Holdings (NYSE:DK) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.37). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $944.29 million. Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) earnings per share. On average, equities analysts predict that Delek US Holdings, Inc. will post $0.10 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Monday, August 21st. Delek US Holdings’s payout ratio is -25.86%.
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A number of analysts have recently weighed in on DK shares. Scotiabank reiterated a “hold” rating and issued a $26.00 price objective on shares of Delek US Holdings in a research note on Friday, September 8th. Zacks Investment Research lowered shares of Delek US Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub lowered shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Barclays PLC reiterated an “equal weight” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research note on Wednesday, July 5th. Finally, Cowen and Company reiterated a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a research note on Thursday, August 17th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.
In related news, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $26.80, for a total transaction of $30,444.80. Following the transaction, the insider now directly owns 13,683 shares of the company’s stock, valued at $366,704.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel L. Gordon sold 1,000 shares of Delek US Holdings stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total value of $26,160.00. Following the transaction, the insider now directly owns 18,572 shares in the company, valued at $485,843.52. The disclosure for this sale can be found here. Insiders have sold 6,145 shares of company stock worth $151,511 over the last three months. Corporate insiders own 1.61% of the company’s stock.
About Delek US Holdings
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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