Delek US Holdings Inc. (DK) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama increased its stake in Delek US Holdings Inc. (NYSE:DK) by 89.6% during the second quarter, Holdings Channel reports. The institutional investor owned 448,000 shares of the company’s stock after buying an additional 211,700 shares during the period. Retirement Systems of Alabama’s holdings in Delek US Holdings were worth $5,918,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogle Investment Management L P DE bought a new position in Delek US Holdings during the first quarter valued at about $11,671,000. UBS Group AG raised its position in Delek US Holdings by 368.4% in the first quarter. UBS Group AG now owns 155,045 shares of the company’s stock valued at $2,363,000 after buying an additional 121,947 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Delek US Holdings by 28.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 57,485 shares of the company’s stock valued at $876,000 after buying an additional 12,818 shares in the last quarter. A.R.T. Advisors LLC bought a new position in Delek US Holdings during the first quarter valued at about $1,704,000. Finally, Mount Lucas Management LP raised its position in Delek US Holdings by 11.4% in the first quarter. Mount Lucas Management LP now owns 31,987 shares of the company’s stock valued at $487,000 after buying an additional 3,274 shares in the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.
Delek US Holdings Inc. (NYSE:DK) traded down 3.02% during midday trading on Wednesday, hitting $16.68. The stock had a trading volume of 602,774 shares. Delek US Holdings Inc. has a 52 week low of $11.41 and a 52 week high of $29.90. The stock’s market capitalization is $1.03 billion. The company’s 50 day moving average price is $17.49 and its 200-day moving average price is $14.93.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. Equities analysts anticipate that Delek US Holdings Inc. will post ($1.40) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 23rd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.60%. Delek US Holdings’s dividend payout ratio (DPR) is currently -75.00%.
DK has been the subject of several recent analyst reports. Citigroup Inc. initiated coverage on Delek US Holdings in a research note on Wednesday, September 14th. They set a “buy” rating and a $23.00 price objective for the company. Zacks Investment Research cut Delek US Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Piper Jaffray Cos. increased their target price on Delek US Holdings from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, September 16th. Howard Weil increased their target price on Delek US Holdings from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 30th. Finally, Scotiabank restated a “sector perform” rating and set a $18.00 target price (up previously from $15.00) on shares of Delek US Holdings in a report on Tuesday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.88.
Delek US Holdings Company Profile
Delek US Holdings, Inc is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).
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