Bank of America Corp DE raised its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 26.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,850 shares of the oil and gas company’s stock after buying an additional 40,907 shares during the period. Bank of America Corp DE owned 0.32% of Delek US Holdings worth $4,754,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DK. BlackRock Inc. increased its position in shares of Delek US Holdings by 19,567.7% in the first quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock valued at $93,726,000 after buying an additional 3,842,111 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Delek US Holdings by 6,177.0% in the first quarter. UBS Asset Management Americas Inc. now owns 2,241,075 shares of the oil and gas company’s stock valued at $54,391,000 after buying an additional 2,205,372 shares during the period. FMR LLC increased its position in shares of Delek US Holdings by 169.5% in the first quarter. FMR LLC now owns 3,401,981 shares of the oil and gas company’s stock valued at $82,566,000 after buying an additional 2,139,800 shares during the period. Norges Bank purchased a new position in shares of Delek US Holdings during the fourth quarter valued at approximately $20,978,000. Finally, Vanguard Group Inc. increased its position in shares of Delek US Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 5,205,114 shares of the oil and gas company’s stock valued at $126,327,000 after buying an additional 657,261 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.
Delek US Holdings, Inc. (NYSE:DK) traded down 0.15% on Wednesday, hitting $26.21. 43,594 shares of the stock traded hands. Delek US Holdings, Inc. has a 52 week low of $12.52 and a 52 week high of $27.85. The stock’s market cap is $1.63 billion. The firm’s 50 day moving average is $26.30 and its 200 day moving average is $24.56.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.49. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $897.24 million. Delek US Holdings had a negative net margin of 2.37% and a negative return on equity of 2.83%. The company’s revenue was up 33.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.86) earnings per share. Equities analysts anticipate that Delek US Holdings, Inc. will post $0.07 earnings per share for the current year.
Several research analysts recently commented on the stock. BidaskClub downgraded shares of Delek US Holdings from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Delek US Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Tudor Pickering reiterated a “hold” rating on shares of Delek US Holdings in a report on Wednesday, July 12th. Citigroup Inc. downgraded shares of Delek US Holdings from a “buy” rating to a “neutral” rating and set a $29.00 target price on the stock. in a report on Friday, July 14th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $28.00 target price on shares of Delek US Holdings in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.14.
In other news, insider Jared Serff sold 1,136 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $26.80, for a total value of $30,444.80. Following the transaction, the insider now directly owns 13,683 shares of the company’s stock, valued at $366,704.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Assi Ginzburg sold 8,936 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $25.33, for a total transaction of $226,348.88. Following the completion of the transaction, the chief financial officer now directly owns 94,431 shares in the company, valued at $2,391,937.23. The disclosure for this sale can be found here. Insiders sold 238,345 shares of company stock worth $6,072,096 over the last three months. Insiders own 1.42% of the company’s stock.
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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