Vanguard Group Inc. grew its position in Delek US Holdings, Inc. (NYSE:DK) by 33.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,958,487 shares of the oil and gas company’s stock after purchasing an additional 1,753,373 shares during the period. Vanguard Group Inc. owned about 11.20% of Delek US Holdings worth $183,982,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of DK. Ameritas Investment Partners Inc. bought a new position in shares of Delek US Holdings in the first quarter valued at about $129,000. Amalgamated Bank bought a new stake in Delek US Holdings during the 2nd quarter worth about $207,000. Airain ltd bought a new stake in Delek US Holdings during the 2nd quarter worth about $244,000. SG Americas Securities LLC bought a new stake in Delek US Holdings during the 2nd quarter worth about $245,000. Finally, Virtu Financial LLC bought a new stake in Delek US Holdings during the 2nd quarter worth about $252,000. Institutional investors own 97.01% of the company’s stock.
Delek US Holdings, Inc. (DK) traded down 0.12% on Friday, reaching $25.86. The company’s stock had a trading volume of 46,481 shares. The firm has a 50 day moving average of $25.98 and a 200 day moving average of $25.09. Delek US Holdings, Inc. has a 12 month low of $14.76 and a 12 month high of $27.85. The firm’s market cap is $2.11 billion.
Delek US Holdings (NYSE:DK) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.37). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. Delek US Holdings’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) earnings per share. Analysts anticipate that Delek US Holdings, Inc. will post $0.52 earnings per share for the current year.
In other news, insider Anthony L. Miller sold 1,509 shares of Delek US Holdings stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $26.28, for a total value of $39,656.52. Following the sale, the insider now directly owns 11,370 shares of the company’s stock, valued at $298,803.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles H. Leonard sold 2,500 shares of Delek US Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the sale, the director now directly owns 23,035 shares in the company, valued at $509,073.50. The disclosure for this sale can be found here. Insiders have sold 10,027 shares of company stock worth $249,830 over the last quarter. 1.61% of the stock is owned by company insiders.
A number of analysts have recently commented on the company. BidaskClub cut Delek US Holdings from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Tudor Pickering reaffirmed a “hold” rating on shares of Delek US Holdings in a research note on Wednesday, July 12th. Zacks Investment Research lowered Delek US Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research report on Tuesday, July 11th. Finally, Cowen and Company reiterated a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a research report on Thursday, August 17th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $29.10.
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Delek US Holdings Profile
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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