TD Asset Management Inc Buys 26,268 Shares of Delek US Holdings, Inc. $DK

TD Asset Management Inc grew its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 172.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 41,514 shares of the oil and gas company’s stock after acquiring an additional 26,268 shares during the period. TD Asset Management Inc’s holdings in Delek US were worth $879,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. SummerHaven Investment Management LLC increased its position in shares of Delek US by 3.2% during the second quarter. SummerHaven Investment Management LLC now owns 35,575 shares of the oil and gas company’s stock valued at $753,000 after buying an additional 1,095 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Delek US by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 1,102 shares during the period. CWM LLC increased its position in shares of Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 1,164 shares during the period. Abel Hall LLC increased its position in shares of Delek US by 26.3% during the first quarter. Abel Hall LLC now owns 13,384 shares of the oil and gas company’s stock valued at $202,000 after buying an additional 2,790 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Delek US by 16.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,306 shares of the oil and gas company’s stock worth $306,000 after purchasing an additional 2,918 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Delek US Stock Performance

Shares of DK stock opened at $35.55 on Thursday. The stock has a fifty day moving average of $30.29 and a 200 day moving average of $22.91. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $35.96. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -2.89 and a beta of 1.01. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company had revenue of $2.96 billion during the quarter. As a group, research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 2.9%. Delek US’s dividend payout ratio (DPR) is currently -8.30%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup restated a “neutral” rating and issued a $30.00 price objective (up from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. Wells Fargo & Company assumed coverage on Delek US in a research note on Friday, October 17th. They set an “overweight” rating and a $43.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Delek US from $19.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. UBS Group increased their price objective on Delek US from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, September 2nd. Finally, Raymond James Financial increased their price objective on Delek US from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Delek US has a consensus rating of “Hold” and a consensus price target of $33.00.

Insider Buying and Selling

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total transaction of $208,627.40. Following the completion of the transaction, the chief financial officer owned 48,294 shares of the company’s stock, valued at approximately $1,412,116.56. This trade represents a 12.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock 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 terminal.