Los Angeles Capital Management & Equity Research Inc. acquired a new position in Delek US Holdings, Inc. (NYSE:DK) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 129,541 shares of the oil and gas company’s stock, valued at approximately $3,463,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.16% of Delek US as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Delek US by 19,567.7% in the 1st quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock worth $93,726,000 after acquiring an additional 3,842,111 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Delek US by 33.7% during the second quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock valued at $183,982,000 after buying an additional 1,753,373 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Delek US by 67.0% during the second quarter. JPMorgan Chase & Co. now owns 2,415,921 shares of the oil and gas company’s stock valued at $63,877,000 after buying an additional 969,671 shares in the last quarter. FMR LLC grew its holdings in shares of Delek US by 24.9% during the second quarter. FMR LLC now owns 4,248,836 shares of the oil and gas company’s stock valued at $112,339,000 after buying an additional 846,855 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Delek US during the second quarter valued at $13,991,000. 93.24% of the stock is currently owned by institutional investors.
DK has been the topic of a number of research analyst reports. Raymond James Financial upgraded Delek US from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $32.00 to $35.00 in a report on Monday, November 13th. Zacks Investment Research downgraded Delek US from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Royal Bank Of Canada restated a “buy” rating and issued a $32.00 target price on shares of Delek US in a research note on Friday, September 8th. Wells Fargo & Company upgraded Delek US from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Tuesday, November 14th. Finally, Tudor Pickering upgraded Delek US from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Delek US currently has a consensus rating of “Buy” and an average target price of $30.83.
Delek US Holdings, Inc. (NYSE:DK) traded up $0.38 during mid-day trading on Thursday, hitting $32.70. The stock had a trading volume of 840,154 shares, compared to its average volume of 1,060,636. The firm has a market cap of $2,699.32, a P/E ratio of 254.92, a P/E/G ratio of 4.54 and a beta of 2.02. Delek US Holdings, Inc. has a one year low of $20.65 and a one year high of $33.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.83%. The ex-dividend date is Tuesday, November 21st. Delek US’s payout ratio is presently 37.97%.
In other Delek US news, insider Daniel L. Gordon sold 1,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total transaction of $26,160.00. Following the completion of the transaction, the insider now owns 18,572 shares in the company, valued at approximately $485,843.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald Norman Holmes sold 1,018 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $25.19, for a total value of $25,643.42. Following the transaction, the insider now owns 30,989 shares of the company’s stock, valued at approximately $780,612.91. The disclosure for this sale can be found here. Insiders have sold a total of 202,003 shares of company stock worth $6,490,611 in the last ninety days. 1.61% of the stock is currently owned by company insiders.
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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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