Squarepoint Ops LLC raised its holdings in shares of Delek US Holdings, Inc. (NYSE:DK – Free Report) by 110.9% in the 2nd quarter, Holdings Channel reports. The firm owned 176,773 shares of the oil and gas company’s stock after purchasing an additional 92,957 shares during the quarter. Squarepoint Ops LLC’s holdings in Delek US were worth $8,982,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in shares of Delek US by 30.7% in the second quarter. Allworth Financial LP now owns 600 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 141 shares during the last quarter. Nykredit A S bought a new stake in Delek US during the 2nd quarter valued at about $191,000. Amundi purchased a new stake in Delek US in the 2nd quarter valued at about $228,000. California State Teachers Retirement System boosted its position in Delek US by 4,681.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company’s stock valued at $173,325,000 after buying an additional 3,339,885 shares during the period. Finally, Lone Peak Global Investors LLC grew its stake in Delek US by 6.0% in the 2nd quarter. Lone Peak Global Investors LLC now owns 246,497 shares of the oil and gas company’s stock worth $12,525,000 after acquiring an additional 13,861 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.
Delek US Price Performance
Shares of DK opened at $74.72 on Friday. The company has a 50 day moving average price of $65.26 and a 200-day moving average price of $51.30. Delek US Holdings, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $77.80. The stock has a market capitalization of $4.58 billion, a PE ratio of 20.99, a PEG ratio of 1.49 and a beta of 0.59. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76.
Delek US Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s payout ratio is currently 28.65%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Delek US from $59.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Raymond James Financial boosted their price target on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Citigroup reissued a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. TD Cowen raised their price objective on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.09.
View Our Latest Stock Analysis on DK
Insiders Place Their Bets
In other news, EVP Mark Hobbs sold 20,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $64.59, for a total transaction of $1,291,800.00. Following the transaction, the executive vice president directly owned 104,326 shares of the company’s stock, valued at approximately $6,738,416.34. This represents a 16.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 6,397 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $71.50, for a total value of $457,385.50. Following the sale, the director owned 26,407 shares of the company’s stock, valued at approximately $1,888,100.50. This represents a 19.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 160,042 shares of company stock valued at $10,705,777. 3.56% of the stock is currently owned by company insiders.
About Delek US
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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