Allianz Asset Management GmbH Has $22.26 Million Holdings in Delek US Holdings, Inc. $DK

Allianz Asset Management GmbH lifted its holdings in Delek US Holdings, Inc. (NYSE:DK) by 25.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,051,066 shares of the oil and gas company’s stock after acquiring an additional 211,791 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.73% of Delek US worth $22,262,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank raised its position in Delek US by 96.3% in the 1st quarter. Comerica Bank now owns 40,336 shares of the oil and gas company’s stock worth $608,000 after purchasing an additional 19,788 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Delek US by 238.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 750,319 shares of the oil and gas company’s stock worth $11,307,000 after purchasing an additional 528,400 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Delek US in the 1st quarter worth approximately $13,728,000. Nisa Investment Advisors LLC raised its position in Delek US by 1,548.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company’s stock worth $200,000 after purchasing an additional 12,465 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Delek US by 77.4% in the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 3,105 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DK shares. Bank of America boosted their price objective on shares of Delek US from $14.00 to $24.00 and gave the stock an “underperform” rating in a research report on Wednesday, September 3rd. Citigroup reiterated a “neutral” rating and set a $30.00 target price (up previously from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. Raymond James Financial upped their target price on shares of Delek US from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of Delek US from $19.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Finally, Cowen upgraded shares of Delek US from a “sell” rating to a “hold” rating in a research report on Friday, September 19th. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.15.

Delek US Price Performance

Shares of DK stock opened at $33.82 on Monday. Delek US Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $35.96. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -2.75 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. The firm has a fifty day moving average of $29.48 and a 200-day moving average of $22.59.

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

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.02 annualized dividend and a dividend yield of 3.0%. Delek US’s payout ratio is -8.30%.

Insider Activity

In other news, CFO Robert G. Wright sold 7,135 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total value 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 $1,412,116.56. The trade was a 12.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

Delek US Company Profile

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.