Ion Asset Management Ltd. lifted its holdings in shares of Delek US Holdings Inc (NYSE:DK) by 15.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,904,807 shares of the oil and gas company’s stock after buying an additional 252,702 shares during the period. Delek US comprises 19.6% of Ion Asset Management Ltd.’s holdings, making the stock its 2nd largest position. Ion Asset Management Ltd. owned approximately 2.48% of Delek US worth $77,182,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of Delek US by 3.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,350 shares of the oil and gas company’s stock worth $338,000 after purchasing an additional 300 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Delek US by 13.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,163 shares of the oil and gas company’s stock worth $290,000 after acquiring an additional 827 shares in the last quarter. HGK Asset Management Inc. boosted its position in shares of Delek US by 11.9% during the 2nd quarter. HGK Asset Management Inc. now owns 8,711 shares of the oil and gas company’s stock worth $353,000 after acquiring an additional 924 shares in the last quarter. US Bancorp DE boosted its position in shares of Delek US by 5.6% during the 1st quarter. US Bancorp DE now owns 17,826 shares of the oil and gas company’s stock worth $649,000 after acquiring an additional 945 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Delek US by 9.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,234 shares of the oil and gas company’s stock valued at $482,000 after buying an additional 1,105 shares in the last quarter.
A number of analysts have weighed in on the stock. ValuEngine lowered shares of Delek US from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Goldman Sachs Group downgraded shares of Delek US from a “neutral” rating to a “sell” rating and set a $37.00 target price for the company. in a research note on Tuesday, June 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.62.Delek US stock opened at $32.78 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $2.34 billion, a PE ratio of 6.83 and a beta of 1.65. The firm’s 50 day simple moving average is $38.22 and its 200 day simple moving average is $36.57. Delek US Holdings Inc has a 1-year low of $29.51 and a 1-year high of $56.36.
Delek US (NYSE:DK) last released its earnings results on Monday, August 5th. The oil and gas company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Delek US had a net margin of 5.51% and a return on equity of 27.58%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 EPS. Research analysts forecast that Delek US Holdings Inc will post 4.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.54%. This is a positive change from Delek US’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 16th. Delek US’s payout ratio is presently 24.17%.
In other Delek US news, COO Frederec Green sold 11,526 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $40.76, for a total value of $469,799.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Avigal Soreq sold 4,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $41.30, for a total transaction of $165,200.00. The disclosure for this sale can be found here. Insiders have sold 23,554 shares of company stock valued at $974,576 over the last ninety days. 1.20% of the stock is owned by insiders.
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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