Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Delek US Holdings, Inc. (NYSE:DK – Free Report) by 19.0% during the first quarter, Holdings Channel.com reports. The firm owned 1,136,720 shares of the oil and gas company’s stock after acquiring an additional 181,820 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Delek US were worth $51,232,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in DK. Vanguard Group Inc. raised its holdings in shares of Delek US by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after buying an additional 38,577 shares during the last quarter. Williamson Legacy Group LLC bought a new stake in Delek US during the 4th quarter worth about $1,095,000. Y Intercept Hong Kong Ltd grew its holdings in Delek US by 281.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock worth $2,049,000 after acquiring an additional 33,553 shares during the last quarter. Burney Co. acquired a new stake in Delek US in the 4th quarter valued at about $2,198,000. Finally, Highbridge Capital Management LLC acquired a new stake in Delek US in the 4th quarter valued at about $1,093,000. Institutional investors own 97.01% of the company’s stock.
Insider Transactions at Delek US
In other Delek US news, EVP Robert G. Wright sold 10,720 shares of Delek US stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total transaction of $504,590.40. Following the completion of the sale, the executive vice president owned 48,148 shares of the company’s stock, valued at approximately $2,266,326.36. The trade was a 18.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laurie Z. Tolson sold 4,921 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $46.30, for a total transaction of $227,842.30. Following the sale, the director owned 18,226 shares of the company’s stock, valued at $843,863.80. The trade was a 21.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 39,270 shares of company stock valued at $1,828,718. 3.56% of the stock is currently owned by company insiders.
Delek US Price Performance
Delek US (NYSE:DK – Get Free Report) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the firm earned ($2.32) EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts expect that Delek US Holdings, Inc. will post 8.3 EPS for the current year.
Delek US Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 1.6%. Delek US’s dividend payout ratio (DPR) is presently -112.09%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on DK. JPMorgan Chase & Co. boosted their target price on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. Wells Fargo & Company raised their price target on shares of Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Raymond James Financial boosted their price objective on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, Mizuho upped their price objective on Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.92.
Read Our Latest Research Report on Delek US
Delek US Company Profile
Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.
In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.
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