Dynamic Technology Lab Private Ltd bought a new stake in shares of Delek US Holdings Inc (NYSE:DK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 32,190 shares of the oil and gas company’s stock, valued at approximately $1,365,000.
Several other large investors also recently made changes to their positions in DK. Point72 Hong Kong Ltd bought a new stake in Delek US during the second quarter worth $105,000. Envestnet Asset Management Inc. lifted its holdings in Delek US by 1,712.4% during the second quarter. Envestnet Asset Management Inc. now owns 2,338 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 2,209 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in Delek US during the second quarter worth $162,000. Ashburton Jersey Ltd bought a new stake in Delek US during the second quarter worth $224,000. Finally, Rothschild Investment Corp IL bought a new stake in Delek US during the third quarter worth $235,000.
Shares of DK opened at $37.80 on Friday. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 1.43. Delek US Holdings Inc has a 1 year low of $29.92 and a 1 year high of $61.57.
Delek US (NYSE:DK) last issued its earnings results on Tuesday, November 6th. The oil and gas company reported $2.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.08 by ($0.06). The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.96 billion. Delek US had a net margin of 4.40% and a return on equity of 17.94%. Research analysts anticipate that Delek US Holdings Inc will post 4.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 20th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 19th. This is a positive change from Delek US’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.75%. Delek US’s payout ratio is presently 82.54%.
In other Delek US news, EVP Avigal Soreq sold 1,500 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $40.21, for a total value of $60,315.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.
A number of brokerages recently commented on DK. ValuEngine upgraded Delek US from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Tudor Pickering lowered Delek US from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Credit Suisse Group dropped their price target on Delek US from $67.00 to $59.00 and set an “outperform” rating on the stock in a report on Tuesday, October 9th. Morgan Stanley dropped their price target on Delek US from $62.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, November 20th. Finally, Barclays dropped their price target on Delek US from $62.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, October 3rd. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Delek US currently has a consensus rating of “Buy” and a consensus target price of $52.14.
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About Delek US
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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