BlackRock Inc. raised its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 19,567.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,861,746 shares of the oil and gas company’s stock after buying an additional 3,842,111 shares during the period. BlackRock Inc. owned about 0.06% of Delek US Holdings worth $93,726,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Two Sigma Investments LP acquired a new position in shares of Delek US Holdings during the fourth quarter valued at $295,000. Guggenheim Capital LLC raised its position in shares of Delek US Holdings by 13.9% in the fourth quarter. Guggenheim Capital LLC now owns 22,572 shares of the oil and gas company’s stock valued at $544,000 after buying an additional 2,749 shares in the last quarter. Norges Bank acquired a new position in shares of Delek US Holdings during the fourth quarter valued at $20,978,000. Teachers Advisors LLC raised its position in shares of Delek US Holdings by 62.7% in the fourth quarter. Teachers Advisors LLC now owns 829,746 shares of the oil and gas company’s stock valued at $19,972,000 after buying an additional 319,699 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Delek US Holdings by 42.2% in the first quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock valued at $758,000 after buying an additional 9,266 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.
Delek US Holdings, Inc. (NYSE:DK) traded down 4.87% during mid-day trading on Thursday, hitting $25.00. The stock had a trading volume of 564,306 shares. Delek US Holdings, Inc. has a one year low of $12.52 and a one year high of $27.85. The company has a 50 day moving average price of $26.30 and a 200-day moving average price of $24.56. The company’s market cap is $1.55 billion.
Delek US Holdings (NYSE:DK) last posted its earnings results on Tuesday, August 1st. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.37. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $944.29 million. Delek US Holdings had a negative net margin of 2.37% and a negative return on equity of 2.83%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) EPS. Equities analysts expect that Delek US Holdings, Inc. will post $0.07 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Delek US Holdings, Inc. (NYSE:DK) Position Boosted by BlackRock Inc.” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/03/delek-us-holdings-inc-nysedk-position-boosted-by-blackrock-inc.html.
Several research firms have commented on DK. Scotiabank reiterated a “hold” rating and set a $26.00 price objective on shares of Delek US Holdings in a research note on Tuesday, April 11th. Royal Bank Of Canada reiterated a “buy” rating and set a $32.00 price objective on shares of Delek US Holdings in a research note on Thursday, April 20th. Citigroup Inc. reiterated a “buy” rating and set a $29.00 price objective (down from $32.00) on shares of Delek US Holdings in a research note on Saturday, April 22nd. Goldman Sachs Group, Inc. (The) upgraded Delek US Holdings from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $30.00 in a research note on Tuesday, May 16th. Finally, ValuEngine upgraded Delek US Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, sixteen have issued 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 related news, Director Charles H. Leonard sold 1,700 shares of Delek US Holdings stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $25.48, for a total transaction of $43,316.00. Following the sale, the director now owns 20,787 shares of the company’s stock, valued at approximately $529,652.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction on Friday, June 30th. The stock was sold at an average price of $26.80, for a total transaction of $30,444.80. Following the sale, the insider now directly owns 13,683 shares in the company, valued at approximately $366,704.40. The disclosure for this sale can be found here. Insiders have sold a total of 238,345 shares of company stock worth $6,072,096 in the last 90 days. Company insiders own 1.42% of the company’s stock.
Delek US Holdings Company Profile
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.
Want to see what other hedge funds are holding DK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delek US Holdings, Inc. (NYSE:DK).
Receive News & Ratings for Delek US Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
