Delek US Holdings, Inc. (DK) Shares Bought by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can lifted its stake in Delek US Holdings, Inc. (NYSE:DK) by 51.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,112 shares of the oil and gas company’s stock after buying an additional 2,412 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Delek US were worth $188,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in 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 purchasing an additional 1,753,373 shares in the last quarter. JPMorgan Chase & Co. raised its stake in 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 purchasing an additional 969,671 shares in the last quarter. FMR LLC raised its stake in 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 purchasing an additional 846,855 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Delek US during the second quarter valued at $13,991,000. Finally, Bank of New York Mellon Corp raised its stake in Delek US by 72.1% during the third quarter. Bank of New York Mellon Corp now owns 1,149,603 shares of the oil and gas company’s stock valued at $30,729,000 after purchasing an additional 481,713 shares in the last quarter. 93.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Delek US Holdings, Inc. (DK) opened at $35.04 on Wednesday. Delek US Holdings, Inc. has a 12 month low of $20.65 and a 12 month high of $35.16. The firm has a market cap of $2,770.00, a price-to-earnings ratio of 4.20, a PEG ratio of 4.04 and a beta of 2.02. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Tuesday, November 21st. Delek US’s dividend payout ratio is currently 7.19%.
A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $40.00 price target on shares of Delek US in a research note on Wednesday, December 20th. Howard Weil raised shares of Delek US from a “sector perform” rating to a “focus list” rating and upped their price target for the company from $26.00 to $41.00 in a research note on Thursday, December 21st. Bank of America downgraded shares of Delek US from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research note on Friday, December 8th. Zacks Investment Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research note on Thursday, December 14th. Finally, TheStreet raised shares of Delek US from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $32.77.
In other news, insider Anthony L. Miller sold 1,155 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $32.79, for a total value of $37,872.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Assi Ginzburg sold 20,000 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 $560,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 205,631 shares of company stock worth $6,673,903. Insiders own 1.61% of the company’s stock.
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Delek US 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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