Wells Fargo & Company MN Grows Position in Delek US Holdings Inc (NYSE:DK)
Wells Fargo & Company MN boosted its position in shares of Delek US Holdings Inc (NYSE:DK) by 6.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 283,472 shares of the oil and gas company’s stock after acquiring an additional 16,923 shares during the period. Wells Fargo & Company MN’s holdings in Delek US were worth $11,488,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DK. Nisa Investment Advisors LLC increased its stake in Delek US by 3.7% in the second quarter. Nisa Investment Advisors LLC now owns 8,350 shares of the oil and gas company’s stock worth $338,000 after purchasing an additional 300 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Delek US by 13.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,163 shares of the oil and gas company’s stock worth $290,000 after acquiring an additional 827 shares during the period. HGK Asset Management Inc. lifted its holdings in shares of Delek US by 11.9% during the second quarter. HGK Asset Management Inc. now owns 8,711 shares of the oil and gas company’s stock worth $353,000 after purchasing an additional 924 shares during the period. US Bancorp DE lifted its stake in Delek US by 5.6% during the 1st quarter. US Bancorp DE now owns 17,826 shares of the oil and gas company’s stock valued at $649,000 after acquiring an additional 945 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Delek US by 9.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,234 shares of the oil and gas company’s stock valued at $482,000 after purchasing an additional 1,105 shares during the last quarter.
NYSE DK traded up $0.64 during trading hours on Wednesday, hitting $37.20. The company had a trading volume of 7,005 shares, compared to its average volume of 1,116,109. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 7.76 and a beta of 1.66. The firm’s 50 day moving average is $35.46 and its 200 day moving average is $36.54. Delek US Holdings Inc has a fifty-two week low of $29.51 and a fifty-two week high of $49.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.35 and a quick ratio of 0.92.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, August 16th. This is a positive change from Delek US’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.12%. Delek US’s dividend payout ratio is currently 24.17%.
DK has been the topic of a number of recent analyst reports. Goldman Sachs Group lowered Delek US from a “neutral” rating to a “sell” rating and set a $37.00 target price on the stock. in a research report on Tuesday, June 25th. JPMorgan Chase & Co. cut their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday. ValuEngine raised Delek US from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Cowen cut shares of Delek US from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Delek US presently has a consensus rating of “Hold” and a consensus target price of $45.37.
In other Delek US news, EVP Avigal Soreq sold 4,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $41.30, for a total transaction of $165,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Frederec Green sold 11,526 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $40.76, for a total value of $469,799.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,554 shares of company stock valued at $974,576. 1.20% of the stock is currently owned by insiders.
Delek US Profile
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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