Aperio Group LLC grew its holdings in Delek US Holdings Inc (NYSE:DK) by 24.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,534 shares of the oil and gas company’s stock after purchasing an additional 3,454 shares during the period. Aperio Group LLC’s holdings in Delek US were worth $710,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Meitav Dash Investments Ltd. boosted its position in Delek US by 158.5% during the first quarter. Meitav Dash Investments Ltd. now owns 66,915 shares of the oil and gas company’s stock worth $2,451,000 after purchasing an additional 41,028 shares during the period. First Trust Advisors LP boosted its position in Delek US by 353.4% during the first quarter. First Trust Advisors LP now owns 506,195 shares of the oil and gas company’s stock worth $18,436,000 after purchasing an additional 394,557 shares during the period. LSV Asset Management boosted its position in Delek US by 13.5% during the first quarter. LSV Asset Management now owns 1,161,100 shares of the oil and gas company’s stock worth $42,287,000 after purchasing an additional 138,500 shares during the period. Psagot Investment House Ltd. boosted its position in Delek US by 38.5% during the second quarter. Psagot Investment House Ltd. now owns 787,775 shares of the oil and gas company’s stock worth $31,921,000 after purchasing an additional 219,023 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Delek US by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 988,345 shares of the oil and gas company’s stock valued at $32,130,000 after acquiring an additional 46,048 shares during the period.
Shares of NYSE:DK remained flat at $$35.36 during trading on Friday. The stock had a trading volume of 1,321,332 shares, compared to its average volume of 1,123,192. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 5.59 and a beta of 1.66. The stock has a fifty day moving average price of $35.74 and a two-hundred day moving average price of $36.53. Delek US Holdings Inc has a one year low of $29.51 and a one year high of $50.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 1.35.
Delek US (NYSE:DK) last announced its earnings results on Monday, August 5th. The oil and gas company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.40. Delek US had a return on equity of 27.58% and a net margin of 5.51%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm posted $0.92 EPS. The business’s revenue was down 5.9% compared to the same quarter last year. Equities analysts anticipate that Delek US Holdings Inc will post 3.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a dividend of $0.29 per share. This is an increase from Delek US’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, August 16th. This represents a $1.16 annualized dividend and a dividend yield of 3.28%. Delek US’s dividend payout ratio is presently 24.17%.
In other news, EVP Louis Labella sold 1,200 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $44.00, for a total transaction of $52,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Avigal Soreq sold 4,000 shares of Delek US stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $41.30, for a total value of $165,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,554 shares of company stock valued at $974,576 in the last quarter. 1.20% of the stock is owned by corporate insiders.
A number of brokerages have recently issued reports on DK. ValuEngine raised shares of Delek US from a “sell” rating to a “hold” rating in a research report on Wednesday. Goldman Sachs Group downgraded Delek US from a “neutral” rating to a “sell” rating and set a $37.00 price target for the company. in a research note on Tuesday, June 25th. Finally, Cowen downgraded Delek US from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Delek US has an average rating of “Hold” and an average price target of $46.62.
Delek US Company Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company’s Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
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