Boothbay Fund Management LLC bought a new stake in Delek US Holdings, Inc. (NYSE:DK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,298 shares of the oil and gas company’s stock, valued at approximately $355,000.
A number of other large investors have also bought and sold shares of the business. Magnetar Financial LLC raised its position in Delek US by 149.0% in the third quarter. Magnetar Financial LLC now owns 33,156 shares of the oil and gas company’s stock valued at $886,000 after purchasing an additional 19,840 shares during the period. Keeley Teton Advisors LLC raised its holdings in shares of Delek US by 30.7% in the 3rd quarter. Keeley Teton Advisors LLC now owns 751,784 shares of the oil and gas company’s stock valued at $20,095,000 after buying an additional 176,423 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Delek US by 100.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 20,000 shares of the oil and gas company’s stock valued at $535,000 after buying an additional 10,000 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Delek US by 45.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 54,253 shares of the oil and gas company’s stock valued at $1,450,000 after buying an additional 16,880 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of Delek US by 22.2% in the 3rd quarter. California State Teachers Retirement System now owns 133,548 shares of the oil and gas company’s stock valued at $3,570,000 after buying an additional 24,258 shares during the period. Institutional investors own 93.24% of the company’s stock.
DK has been the topic of several research analyst reports. Macquarie upgraded Delek US from a “neutral” rating to an “outperform” rating in a report on Monday, October 23rd. Wells Fargo & Company upgraded Delek US from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Tuesday, November 14th. Raymond James Financial upgraded Delek US from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $32.00 to $35.00 in a report on Monday, November 13th. Tudor Pickering upgraded Delek US from a “hold” rating to a “buy” rating in a report on Friday, November 17th. Finally, Cowen reiterated a “buy” rating and issued a $33.00 price objective on shares of Delek US in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.08.
In other news, COO Frederec Green sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony L. Miller sold 1,509 shares of the company’s 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 transaction, the insider now directly owns 11,370 shares of the company’s stock, valued at $298,803.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,003 shares of company stock worth $6,490,611. 1.61% of the stock is owned by company insiders.
Shares of Delek US Holdings, Inc. (DK) opened at $32.76 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. Delek US Holdings, Inc. has a 1-year low of $20.65 and a 1-year high of $33.74. The firm has a market capitalization of $2,668.37, a PE ratio of 252.00, a price-to-earnings-growth ratio of 4.49 and a beta of 2.02.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.60 annualized dividend and a yield of 1.83%. Delek US’s dividend payout ratio (DPR) is 37.97%.
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Delek US Company 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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