PDT Partners LLC acquired a new stake in Delek US Holdings, Inc. (NYSE:DK – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 308,336 shares of the oil and gas company’s stock, valued at approximately $15,667,000. Delek US accounts for 0.8% of PDT Partners LLC’s investment portfolio, making the stock its 19th largest position. PDT Partners LLC owned about 0.50% of Delek US at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of DK. Thoroughbred Financial Services LLC increased its stake in shares of Delek US by 1.3% in the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after buying an additional 348 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 400 shares during the period. Aster Capital Management DIFC Ltd lifted its stake in shares of Delek US by 23.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 425 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 432 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in Delek US by 2.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after purchasing an additional 507 shares during the period. 97.01% of the stock is owned by institutional investors.
Insider Activity at Delek US
In related news, EVP Reuven Spiegel sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $68.21, for a total transaction of $682,100.00. Following the transaction, the executive vice president directly owned 36,435 shares of the company’s stock, valued at approximately $2,485,231.35. This represents a 21.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 3,061 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $46.00, for a total value of $140,806.00. Following the completion of the transaction, the director owned 31,239 shares in the company, valued at approximately $1,436,994. The trade was a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 127,086 shares of company stock worth $8,183,753. 3.56% of the stock is currently owned by insiders.
Delek US Stock Performance
Delek US (NYSE:DK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $2.81. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. Delek US’s revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.56) earnings per share. As a group, sell-side analysts anticipate that Delek US Holdings, Inc. will post 10.1 EPS for the current year.
Delek US Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s dividend payout ratio is 28.65%.
Wall Street Analysts Forecast Growth
DK has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Raymond James Financial increased 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. Citigroup reissued a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. Finally, Mizuho upped their price target on shares of Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Delek US has an average rating of “Hold” and an average price target of $53.15.
Read Our Latest Stock Analysis on DK
Delek US 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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