OxFORD Asset Management LLP bought a new stake in Delek US Holdings, Inc. (NYSE:DK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,678 shares of the oil and gas company’s stock, valued at approximately $1,261,000. OxFORD Asset Management LLP owned approximately 0.08% of Delek US Holdings at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new position in shares of Delek US Holdings during the first quarter valued at $129,000. Amalgamated Bank bought a new position in shares of Delek US Holdings during the second quarter valued at $207,000. Clinton Group Inc. bought a new position in shares of Delek US Holdings during the first quarter valued at $230,000. Airain ltd bought a new position in shares of Delek US Holdings during the second quarter valued at $244,000. Finally, SG Americas Securities LLC bought a new position in shares of Delek US Holdings during the second quarter valued at $245,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
In related news, Director Charles H. Leonard sold 2,500 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the transaction, the director now directly owns 23,035 shares in the company, valued at approximately $509,073.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald Norman Holmes sold 1,018 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $25.19, for a total transaction of $25,643.42. Following the completion of the transaction, the insider now owns 30,989 shares of the company’s stock, valued at $780,612.91. The disclosure for this sale can be found here. Insiders sold a total of 10,027 shares of company stock valued at $249,830 over the last 90 days. Company insiders own 1.61% of the company’s stock.
Shares of Delek US Holdings, Inc. (NYSE:DK) opened at 26.42 on Thursday. The firm has a 50-day moving average of $25.47 and a 200 day moving average of $24.93. Delek US Holdings, Inc. has a 1-year low of $14.76 and a 1-year high of $27.85. The company’s market capitalization is $2.15 billion.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.37). Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $944.29 million. During the same quarter last year, the company posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Delek US Holdings, Inc. will post $0.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were issued a $0.15 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.60 annualized dividend and a yield of 2.27%. Delek US Holdings’s dividend payout ratio (DPR) is presently -25.86%.
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Several equities analysts have recently issued reports on the stock. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $28.00 price target on shares of Delek US Holdings in a research note on Tuesday, July 11th. 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. Zacks Investment Research downgraded shares of Delek US Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub raised shares of Delek US Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $28.00 price target on shares of Delek US Holdings in a research note on Wednesday, July 5th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Delek US Holdings currently has a consensus rating of “Hold” and a consensus target price of $29.00.
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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