Legal & General Group Plc Takes Position in Delek US Holdings, Inc. $DK

Legal & General Group Plc bought a new position in Delek US Holdings, Inc. (NYSE:DK) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 51,808 shares of the oil and gas company’s stock, valued at approximately $2,632,000.

A number of other institutional investors also recently bought and sold shares of DK. Vanguard Group Inc. increased its position in Delek US by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after acquiring an additional 38,577 shares during the last quarter. Williamson Legacy Group LLC bought a new position in Delek US during the 4th quarter valued at about $1,095,000. Bank of America Corp DE grew its holdings in Delek US by 118.0% during the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after purchasing an additional 458,004 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in Delek US in the 4th quarter worth about $1,093,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Delek US by 1,173.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock worth $28,322,000 after purchasing an additional 879,900 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DK shares. Wells Fargo & Company boosted their target price on Delek US from $59.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group increased their price target on Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Weiss Ratings upgraded Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Finally, Citigroup reiterated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.09.

Insider Buying and Selling

In other Delek US news, Director Richard J. Marcogliese sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $71.05, for a total transaction of $142,100.00. Following the transaction, the director owned 12,880 shares of the company’s stock, valued at approximately $915,124. This trade represents a 13.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Reuven Spiegel sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $73.21, for a total transaction of $549,075.00. Following the completion of the sale, the executive vice president owned 28,935 shares of the company’s stock, valued at approximately $2,118,331.35. This represents a 20.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 153,645 shares of company stock valued at $10,248,392 over the last quarter. 3.56% of the stock is owned by company insiders.

Delek US Stock Down 0.3%

Shares of NYSE:DK opened at $72.21 on Friday. The business’s 50 day moving average is $63.46 and its 200 day moving average is $50.06. The stock has a market cap of $4.42 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.59. Delek US Holdings, Inc. has a 52-week low of $25.85 and a 52-week high of $77.40. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the company posted ($0.56) EPS. Delek US’s revenue was up 47.9% on a year-over-year basis. Sell-side analysts predict that Delek US Holdings, Inc. will post 11.05 EPS for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US’s payout ratio is presently 28.65%.

Delek US Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.