Bank of New York Mellon Corp lifted its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 667,890 shares of the oil and gas company’s stock after buying an additional 29,361 shares during the period. Bank of New York Mellon Corp owned about 1.08% of Delek US Holdings worth $17,660,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DK. Bank of Montreal Can grew its stake in shares of Delek US Holdings by 42.2% in the first quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock worth $758,000 after purchasing an additional 9,266 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of Delek US Holdings by 23.2% in the first quarter. Nationwide Fund Advisors now owns 185,565 shares of the oil and gas company’s stock worth $4,504,000 after purchasing an additional 34,943 shares during the last quarter. Strs Ohio bought a new stake in shares of Delek US Holdings in the first quarter worth $737,000. US Bancorp DE grew its stake in shares of Delek US Holdings by 10.4% in the first quarter. US Bancorp DE now owns 26,749 shares of the oil and gas company’s stock worth $649,000 after purchasing an additional 2,510 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of Delek US Holdings by 53.5% in the first quarter. Comerica Bank now owns 168,250 shares of the oil and gas company’s stock worth $4,068,000 after purchasing an additional 58,666 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Shares of Delek US Holdings, Inc. (NYSE DK) opened at 25.96 on Tuesday. The firm’s 50-day moving average is $24.01 and its 200-day moving average is $24.76. Delek US Holdings, Inc. has a 12 month low of $14.76 and a 12 month high of $27.85. The company’s market cap is $1.61 billion.

Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.37). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) EPS. On average, equities research analysts predict that Delek US Holdings, Inc. will post $0.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, August 21st. Delek US Holdings’s payout ratio is -25.86%.

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In other news, Director Carlos E. Jorda sold 4,000 shares of Delek US Holdings stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $25.78, for a total transaction of $103,120.00. Following the sale, the director now owns 47,835 shares of the company’s stock, valued at approximately $1,233,186.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $26.80, for a total transaction of $30,444.80. Following the sale, the insider now directly owns 13,683 shares in the company, valued at approximately $366,704.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,145 shares of company stock worth $254,631 in the last ninety days. Insiders own 1.61% of the company’s stock.

Several analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 price objective on shares of Delek US Holdings in a research note on Friday, September 8th. Scotiabank reissued a “hold” rating and issued a $26.00 price objective on shares of Delek US Holdings in a research note on Friday, September 8th. BidaskClub raised shares of Delek US Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Cowen and Company reissued a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a research note on Thursday, August 17th. Finally, Wolfe Research raised shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 25th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.00.

About Delek US Holdings

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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Institutional Ownership by Quarter for Delek US Holdings (NYSE:DK)

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