Legal & General Group Plc Has $1.07 Million Stock Position in Delek US Holdings Inc (NYSE:DK)

Legal & General Group Plc lowered its stake in Delek US Holdings Inc (NYSE:DK) by 1.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 67,635 shares of the oil and gas company’s stock after selling 678 shares during the period. Legal & General Group Plc owned approximately 0.09% of Delek US worth $1,066,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Wealth Alliance LLC acquired a new position in Delek US in the 4th quarter valued at about $66,000. Nisa Investment Advisors LLC grew its stake in Delek US by 22.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 10,200 shares of the oil and gas company’s stock valued at $161,000 after buying an additional 1,850 shares during the last quarter. Moors & Cabot Inc. grew its stake in Delek US by 62.9% in the 1st quarter. Moors & Cabot Inc. now owns 10,728 shares of the oil and gas company’s stock valued at $171,000 after buying an additional 4,143 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Delek US by 7.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,235 shares of the oil and gas company’s stock valued at $175,000 after buying an additional 373 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of Delek US during the 1st quarter worth approximately $179,000.

NYSE DK opened at $16.73 on Wednesday. The company’s 50 day moving average is $19.52 and its 200-day moving average is $22.95. Delek US Holdings Inc has a 12-month low of $7.79 and a 12-month high of $44.08. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.21 billion, a P/E ratio of -7.75 and a beta of 2.03.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported ($1.74) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.98) by ($0.76). Delek US had a negative net margin of 1.72% and a positive return on equity of 0.72%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Equities analysts expect that Delek US Holdings Inc will post -1.58 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.24 dividend on an annualized basis and a yield of 7.41%. Delek US’s dividend payout ratio is currently 37.58%.

DK has been the topic of a number of analyst reports. Goldman Sachs Group upgraded shares of Delek US from a “sell” rating to a “neutral” rating and increased their target price for the stock from $21.00 to $22.00 in a research report on Tuesday, May 19th. Credit Suisse Group initiated coverage on shares of Delek US in a research report on Wednesday, June 24th. They set a “neutral” rating on the stock. Morgan Stanley increased their target price on shares of Delek US from $13.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Barclays increased their target price on shares of Delek US from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Raymond James increased their price target on shares of Delek US from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.09.

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

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